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The ruby sold for a record US$30.42 million on 12 May 2015 at a Sotheby's auction in Geneva, Switzerland, to Heidi Horten. [3] [6] It was originally estimated to be worth between US$12 and 18 million prior to auction [1] [9] [10] and bidding started at 11 million Swiss francs or US$11.8 million.
Ruby is a pinkish red to blood-red colored gemstone, a variety of the mineral corundum (aluminium oxide). Ruby is one of the most popular traditional jewelry gems and is very durable. Other varieties of gem-quality corundum are called sapphires. Ruby is one of the traditional cardinal gems, alongside amethyst, sapphire, emerald, and diamond. [3]
Ruby was the first gemstone to be synthesized by Auguste Verneuil with his development of the flame-fusion process in 1902. [59] Synthetic corundum continues to be made typically by flame-fusion as it is most cost-effective, but can also be produced through flux growth and hydrothermal growth. [60]
Corundum is a crystalline form of aluminium oxide (Al 2 O 3) typically containing traces of iron, titanium, vanadium, and chromium. [3] [4] It is a rock-forming mineral.It is a naturally transparent material, but can have different colors depending on the presence of transition metal impurities in its crystalline structure. [7]
Painite is a very rare borate mineral.It was first found in Myanmar by British mineralogist and gem dealer Arthur C.D. Pain who misidentified it as ruby, until it was discovered as a new gemstone in the 1950s.
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