Christie’s Hong Kong Sells 'Crimson Flame' Burmese Ruby for $18M

Finance and Trade
01/12/2015 17:45

Christie’s Hong Kong sold the Crimson Flame, a rare Burmese ruby for $18 million, setting a world auction record per carat of $1.2 million. The sale of Magnificent Jewels realized $96,904,062, selling 80% by lot and 83% by value. Meanwhile, a flawless gem, the Afghan Emerald fetched $2.2 million, establishing a world record price for an Afghan emerald at auction. The sale attracted 160 buyers from 16 countries from three continents.