In line with the United States’ ongoing effort to increase its political and economic presence in Greenland, mining company Greenland Ruby recently hosted a U.S. government delegate in a tour of its corundum mine in the arctic region.
Whether you have 10 years of experience in the business, 30, or even two, at some point you have probably found yourself in front of a customer having a hard time coming up with natural options for gemstones that fit his/her budget, taste, and dreams.
When I joined a small group of gem dealers and researchers embarking on an adventure to Mandalay and the magical mining area of Mogok in Myanmar, I couldn’t help but share in the sentiments of Rudyard Kipling’s famous poem, “Mandalay.”
A 15.99-carat Burmese ruby leads Christie’s Magnificent Jewels auction next month. Named ‘Jubilee Ruby,’ the stone is said to be the most important Burmese ruby to appear at auction in the United States in more than 25 years, the last time being when a 16.20-carat stone sold at Christie’s in 1990.
Gemfields’ latest ruby auction in Singapore has generated almost $29 million U.S. Of the 92,136 carats available, Gemfields says it sold 90,642 carats, while averaging a per-carat price of $317.92 U.S.