Sat 16 April 2022:
A rare unpolished ruby dubbed one of the world’s largest has gone on display for the first time in the Gulf emirate of Dubai, ahead of an auction.
The unpolished Ruby, nicknamed Burj Alhamal and weighing 2.8 kilograms, was mined in Tanzanian village of Winza, made its debut at a Dubai hotel on Friday as part of SJ Gold and Diamond’s Callisto collection.
The company says it is “one of the biggest” rough rubies in the world, with managing director Patrick Pilati calling it among the “rarest rubies ever found”.
He said the Tanzanian stone was “not heated”, meaning “it has not been treated, so it’s natural and that’s why it’s precious.”
After the holy month of Ramadan, the Ruby will be auctioned off to buyers in the United Arab Emirates. The rare gem has been estimated to go for a minimum of $120 million.
Weighing in at a whopping 8,400 carats and 2.8 kilograms in weight, the Burj al-Hamal will be unveiled by the event’s guest of honor and the renowned Hollywood actor, Tamer Hassan.
“The launch of the Callisto collection in Dubai represents a groundbreaking moment for the company in its journey to becoming one of the world’s leading Metal and Mineral Asset Management Firm, managing a total of 4 billion dollars in assets, ranging from exclusive gemstones and gold,” said SJ Gold and Diamond Managing Director Patrick Pilati.
“This is the first time we are introducing our crown jewel of the collection. Unveiling this one-of-a-kind stone to the public for bidding, is a clear continuation of our dedication to showcasing the best of the best in the UAE,” added Pilati.
The Callisto collection, named after the famous Arcadian Nymph of Greek Mythology, includes millions worth of hand-picked white and yellow cut and uncut diamonds along with the 12 unique rubies, weighing 236,000 carats.
Each rough ruby, coming in diverse sizes, will be featured in the Callisto collection’s logo, tethered together with gold lines to form the collection’s very own constellation.
Late last month, a giant diamond nicknamed “The Rock” went on display for the first time in Dubai.
The 228.31-carat pear-shaped gem, which was mined and polished in South Africa more than 20 years ago, is the largest white diamond ever to come to auction, according to Christie’s.
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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