JAKARTA - Ruby stone is rough with the largest gem quality in the world introduced in Dubai, United Arab Emirates on Wednesday.
Called the Estrela de Fura, Portuguese for the Fura Star, and with a weight of 101 carats, its opening took place at the Almas Tower, Jumeirah Lake Tower. It is led by Ahmed bin Sulayem, chief executive and chief executive of the Dubai Multi Commodities Center.
The rock is described as a once-in-a-a-a-century discovery. Recently excavated in Mozambique by mining company Fura Gems, the rock is very important, Fura Gems CEO Dev Shetty told The National News.
"Nothing looks like this for more than a century, we are very happy. This is rock once in a hundred years," he said, as reported by September 16.
Founded in 2017, Fura Gems was established to focus on colored gemstone mining such as timrud, rubi and safir.
"We are mining the timrud in Colombia, the ruby in Mozambique and the safir in Australia. Recently we also started mining in Mozambique," he said.
On July 24, at the Fura mine in Mozambique, the master sorter of Balbir's company opened the storage box and saw something big, red, and shiny. When sunlight hit, the color turned bright red.
Balbir immediately called Shetty, who is in Bangkok, saying: "I think we found something amazing."
Since then, the rock has been examined by several industry experts, including one of the largest and most respected agencies in the world, the Institute of International Gemology in the covert. The consensus is, this ruby has a quality and size that has not been seen for decades.
"I have a laboratory that came back to me and said: 'In 20 years of testing my best, I've never seen anything like this'," he added.
"This is very interesting. No one has seen anything like this before, in terms of fluorescent, color and clarity," he said.
When cut, the stone is expected to produce a 50- or even 60-carat gem quality ruby.
Regarding its value, Shetty refused to offer the price, instead of choosing to leave it to market power.
For indications of value, in 2015 Sotheby's auctioned rubies of the same quality. Called Ruby Sunrise, and weighing 25.59 carats, it sells for more than $1 million per carat. Years later, Shetty said the price of the ruby stone had doubled.
"For every 10 carats the price goes up so that 20 carats have an exponential value of more than 10 carats, then 30 carats, 40 carats and so on. If this is 50 carats, it's just mathematics," he explained.
"Ruby is more than 10 carats are much rarer than diamonds, or even colored diamonds, and I am honored to reveal this rock," he said.
Now, the business is serious about selling uncuted assets. Over the next 45 days, the rough ruby will be on display, with a small group of potential potential buyers invited to come and make their assessments.
Each individual is given two days to calculate the value of the rubber, where Shetty believes the buyer will move forward.
"Anyone has the potential to buy this. It could be a slaughterhouse, a jewelry brand, collector or even a museum," he explained.
"This is a historic moment for us, my company, and for Mozambique. I am very happy and proud of Mozambique; it deserves all the praise," concluded Shetty.
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