The Hope Spinel set a new world record at Bonhams September 24 Fine Jewelry sale in London. It sold for £962,500 (US$ 1,470,724). (Photo: Bonhams) Move over ruby, there’s another red gem in town ...
"If you look at a top-quality, gem quality ruby versus the top quality of a diamond – let's say they're five carats each – the ruby is going to be much rarer and much more expensive than that ...
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