Gemfields discovers an exceptional pair of rubies from Mozambique

Gemfields added its new exceptional find of rubies to its to feature at its ruby auction slated in Singapore next week. The auction is of higher- grade uncut rubies and will be held from 16 – 21 June 2015.

The exceptionally rare pair of matching rubies was discovered by Gemfields at its Montepuez ruby mine in Mozambique. The two rubies carry a combined weight of 45 carats and will be one of the highlights at the auction.

Ian Harebottle, CEO of Gemfields, said: “It is extremely rare to find two matching rubies of this size, colour and quality. Their discovery underscores the importance of the Montepuez deposit as a source of some of the highest quality rubies the world has seen in generations. If this remarkable matching pair was to make it to the Paris Biennale in 2016 they would simply steal the show! ”

This extraordinary find follows the discovery of the 40 carat ‘Rhino Ruby’ last year at the Montepuez deposit, which at 340 square kilometers, is thought to be one the most significant ruby mining concessions in the world today. Importantly, several independent gemmological laboratories have confirmed that certain Mozambican rubies display the legendary “pigeon blood” colour previously reserved for rubies from Burma.

The coloured gemstone market has seen several records broken in recent months. Most notably, a 25.59 carat Burmese ruby sold at Sotheby’s in Geneva for US$ 30.3 million, making it the most expensive ruby ever sold at auction and setting a ruby world record of almost US$ 1.2 million per carat.