The rubies of Mogok with the top quality reach $ 1M per carat. Recent examples at auction were cushion cut.
The Graff Ruby weighing 8.62 carats was sold for CHF 8.3 million including premium by Sotheby's on November 12, 2014. The Sunrise Ruby weighing 25.59 carats was sold for CHF 28M including premium by Sotheby's on May 12, 2015. The Crimson Flame weighing 15.04 carats was sold for HK $ 142M including premium by Christie's on December 1, 2015.
An oval cut, when it is feasible, further accentuates the beauty of a ruby. The Jubilee Ruby weighing 15.99 carats is almost circular and has all the other characteristics of a perfect ruby. Mounted on a ring by Verdura within a circle of diamonds, it is estimated $ 12M for sale by Christie's in New York on April 20, lot 255.
I invite you to admire the Jubilee Ruby in the video shared by Christie's. Its name is possibly by reference to the 250th anniversary of the auction house.
SOLD for $ 14.2M including premium