Dubai-based Fura Gems recently announced the discovery of the world's largest gem-quality ruby at an event hosted by the Dubai Diamond Exchange. The ruby, known as the Estrela de Fura, weighs 101 carats and was found at the company's mine in Mozambique. The stone's vivid red hue, fluorescence, and clarity are rare, making it highly sought-after.

The stone was discovered in July 2022 by Fura Gems' master sorter Balbir at the Fura mine in Mozambique. Balbir immediately phoned Fura Gems CEO Dev Shetty in Bangkok, who flew to Mozambique to examine the stone. The stone has since been examined by several industry experts, including the International Gemological Institute in Antwerp, which confirmed its quality and rarity.

When cut, the ruby is expected to yield a gem-quality stone of 50 to 60 carats. Its value is difficult to estimate, but similar quality rubies have sold for over $1 million per carat. As for who might be interested in purchasing the Estrela de Fura, Shetty believes it could be a cutting house, a jewelry brand, a collector, or even a museum.

Fura Gems was founded by Dev Shetty in 2017, and the discovery of the Estrela de Fura has cemented its reputation as a leading colored-gemstone mining company. The company has a strong emphasis on ethical practices, and Shetty helped build the mining company Gemfields before launching Fura Gems.

The discovery of the Estrela de Fura is significant for Mozambique, which is now recognized as a source of premium-quality rubies. Recent scientific exploration has revealed that Mozambican rubies are over 475 million years older than those of Burma, where the finest rubies have traditionally been found.

Fura Gems' discovery of the Estrela de Fura is a historic moment for the company, Mozambique, and the colored-gemstone mining industry. The stone will be on display for the next 45 days, during which time potential buyers will be invited to assess it. Shetty is confident that a buyer will come forward, and the sale of the Estrela de Fura will undoubtedly make headlines when it is eventually sold.

How does the estrade Fura ruby compare with The Sunrise Ruby

The Estrela do Sul, also known as the Estrela Fura, is a 55-carat ruby that could potentially break two records at Sotheby's New York auction. This ruby is expected to fetch between $12 million to $18 million, and it is considered to be one of the most significant and impressive rubies in the world.

When comparing the Estrela Fura ruby with the Sunrise Ruby, there are some similarities and differences. The Sunrise Ruby is a 25.59-carat Burmese ruby that sold for $30.42 million at a Sotheby's auction in 2015. It is known for its exceptional color and clarity, which make it one of the most beautiful and valuable rubies in the world.

In terms of size, the Estrela Fura is more than twice the size of the Sunrise Ruby. However, size is not the only factor that determines a ruby's value. The Sunrise Ruby has a deep, vivid red color that is highly sought after by collectors, while the Estrela Fura has a more purplish-red hue. Both stones have exceptional clarity, which is another important factor in determining a ruby's value.

Overall, while the Estrela Fura ruby is an impressive and valuable gemstone, it may not quite reach the same level of rarity and beauty as the Sunrise Ruby. Nonetheless, it is sure to be a highly coveted and sought-after stone for collectors and connoisseurs of fine gems.

Records to be Broken this Summer by the Estrela Fura Ruby

The Estrela Fura ruby has the potential to break two world records at Sotheby's auction house in New York. The first record is for the largest ruby ever offered for sale, with the Estrela Fura weighing in at 55.19 carats. The second record is for the most valuable ruby ever sold at auction, which is currently held by the Sunrise Ruby, a 25.59-carat Burmese ruby that sold for $30.3 million at Sotheby's in 2015.

The Estrela Fura ruby has a rich history and comes from a rare and unique source in Mozambique, which could increase its value and appeal to collectors. It is also noted that rubies of this size and quality are becoming increasingly rare, which could further drive up demand and price at auction.

If the Estrela Fura ruby does break these two records, it would solidify its place as one of the most important and valuable gemstones in the world.