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The word ruby comes from ruber, Latin for red. The color of a ruby is due to the element chromium. Some gemstones that are popularly or historically called rubies, such as the Black Prince's Ruby in the British Imperial State Crown, are actually spinels. These were once known as "Balas rubies".
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]
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.
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Catalogs and Counters: A History of Sears, Roebuck and Company (1950), the standard scholarly history; Heine, Irwin M. "The Influence of Geographic Factors in the Development of the Mail Order Business", American Marketing Journal (1936) 3#2 pp. 127–130 in JSTOR; Latham, Frank B. 1872–1972: A Century of Serving Consumers.
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