55-Carat Ruby of ‘Unprecedented Size’ Sells for $34.8M at Sotheby’s

Sotheby’s has auctioned off a 55.22 carat ruby in New York for $34.8 million. The unmounted stone was unveiled by the auction house in Dubai in May. It was promoted as the largest and most valuable ruby ever to appear at auction, with sales expectations of greater than $30 Million. The ruby sold as part of Sotheby’s Magnificent Jewels auction on June 8.Quig Bruning, head of Sotheby’s Jewelry in New York, told the UK press agency PA Media that he was entranced after seeing the E