Mozambique’s rare ruby 101 Carat “Estrela de Fura” shatters record price

The largest ruby ever discovered, known as the “Estrela de Fura,” has been sold at a record-breaking price of $34.8 million (£28 million) during an auction in New York. Sotheby’s, the auction house behind the sale, described the Mozambique’s 55.22-carat gem as a truly exceptional and unique jewel.

Originally weighing a remarkable 101 carats, the ruby was found last year in a mine located in Mozambique, an area renowned for its abundant ruby deposits. Rubies of such size and quality are extremely rare, making this gem a remarkable find. The name “Estrela de Fura” meaning “Star of Fura” in Portuguese, was given to the gem in honor of the mine where it was discovered.

The head of Sotheby’s Jewellery in New York, Quig Bruning, expressed his fascination with the stone’s unprecedented size, vibrant color, and exceptional transparency and clarity. He stated that the gem deserved its record-breaking price, now joining the ranks of the world’s most legendary gemstones.

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The ruby mine in Mozambique’s Montepeuz district, belonging to Fura, has been operating in an area affected by an ongoing Islamist militant insurgency that began in 2017. This region, despite being rich in untapped mineral resources, suffers from poverty and a lack of local job opportunities.

Sotheby’s has announced that a portion of the proceeds from the sale of the Estrela de Fura will be allocated by Fura to establish an academy focused on providing technical training in mining, engineering, carpentry, and agriculture. This initiative aims to contribute to the local community’s development and provide valuable skills to individuals in the region.

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