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Jubilee Ruby to highlight Christie’s Magnificent Jewels auction
The sale is slated on April 20th
By: Diamond World News Service
Mar 25 2016 7:35PM
Reference: 12834  

The Jubilee Ruby, which is the most important Burmese ruby to appear at auction in the United States in over 25 years will highlight Christie’s Magnificent Jewels auction in New York on April 20th. The sale will offer over 250 lots including rare diamonds and colored stones as well as exceptional jewels from Buccellati, Cartier, David Webb, Graff, Harry Winston, Van Cleef & Arpels and more. There will also be an additional jewelery from the collection of Carroll Petrie and other prominent families throughout the United States.

Rahul Kadakia, International Head of Jewelry: “Top quality Burmese rubies of over 15 carats are an absolute rarity in the world of colored gemstones and the record price of $18.3 million achieved for the 15.04 carat Crimson Red Ruby at Christie’s Hong Kong in December 2015 exemplified the voracious appetite of collectors for these gems. Fittingly, the Jubilee Ruby comes up for sale in Christie’s 250th Anniversary allowing gem connoisseurs the opportunity to own the very best Burmese ruby offered for sale in the United States in over two and a half decades.”

Prior to the Jubilee Ruby, the last large such stone appeared when a 16.20 carat gem Burmese ruby sold at Christie’s in October 1990.

Featured as an iconic Verdura jewel, the 15.99 carat Jubilee Ruby is rare in its exceptional size, color and quality. Among the other rare diamonds in the sale is an extraordinary Fancy Intense Purple-Pink diamond ring of 10.07 carats and a perfect D color, Flawless circular cut diamond of 40.43 carats.

With estimates from $2,000 to $12,000,000 and a majority of lots offered on behalf of Private Collections and Estates, the Magnificent Jewels sale presents a broad, yet select group of fine gemstones and jewelry that meet the demands of today’s discerning market. The entire Magnificent Jewels auction will be on public view April 15 through April 19, at Christie’s Rockefeller Center galleries.

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