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An early 20th century Burmese ruby and old-cut diamond ring has sold for a total of £19,140 (including fees) against an estimate of £2,000 – £2,500.
The Burmese Ruby Ring
The ruby ring was one of the top prices in Fine Jewellery – our live auction which took place in March 2022.
Lot 302, the ring sold to a customer bidding over the telephone. There were several bidders over the internet and over the telephone. Furthermore, the ring received nearly 100 bids in the auction.
Hosted in Birmingham’s Jewellery Quarter, Fine Jewellery is the our flagship jewellery auction.
Burmese rubies are some of the most precious gems in the world of jewellery. Moreover, most of these precious stones have already been mined out and they are often incredibly sought-after at auction.
The ruby which sold in our auction was unheated, and it had a calculated ruby weight of 2.20 carats – with an estimate diamond weight of 0.65 carats. The band had been resized, but its diamonds appeared fairly bright and well matched.
The Auction
We sold over £700,000 of luxury jewellery in the Fine Jewellery auction. We offered free postage on items sold and there were physical viewing days in both Birmingham and London. A private seller brought the item to us.
Ben Randall, Senior Catalogue Manager from the Jewellery Department at Fellows Auctioneers, said: “As soon as I saw this piece come across my desk I knew that it was special. Un-treated Burmese rubies of such size and good colour are a rare treat and the quality shone through on this ring.
“As buyers’ palettes are becoming more discerning, pieces such as this are selling increasingly well at auction as shown today, this coupled with a beautiful period mount ensured a great result for the vendor and I couldn’t be happier.”
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