World's Largest Ruby Could Fetch Up To $30 Million At Auction

Sotheby's referred to the gem as "exceedingly rare" and "the most valuable and important" ruby to ever hit the market.

The largest ruby in the world will be put up for sale on June 8 at Sotheby's Magnificent Jewels in New York. The jewel is named Estrela de FURA and weighs around 55.22 carats. The estimated price of more than $30 million (approximately Rs 245 crore) set by Sotheby's, if met, would probably make it the most expensive ruby ever sold at auction, as per a report in CNN.

Sotheby's referred to the gem as "exceedingly rare" and "the most valuable and important" ruby to ever hit the market when announcing the sale on Wednesday. The stone, known as Estrela de FURA (or Star of Fura in Portuguese), is anticipated to sell for "in excess of" $30 million, according to the auction house.

The sale was announced by Uni Kim after completing The Exceptional Luxury Evening Auction in Hong Kong.