Massive 11,000-Carat Ruby Unearthed by Miners in Myanmar, Officials Say
Officials say the stone’s superior color and clarity could make it more valuable than a 21,450-carat ruby found in 1996.
- On Friday, Myanmar Radio and Television reported the discovery of an 11,000-carat ruby weighing 2.2 kilograms near the town of Mogok in the Mandalay Region.
- Myanmar produces up to 90% of the world's rubies, primarily from the Mogok and Mong Hsu areas, though the gem-mining heartland has recently experienced intense fighting during the country's civil war.
- While weighing roughly half the 21,450-carat stone found in 1996, authorities claim this ruby is more valuable due to its superior color and quality, featuring a purplish-red hue with yellowish undertones.
- President Min Aung Hlaing and his Cabinet recently examined the giant rock at his office in Naypyidaw, with the state-run Global New Light of Myanmar newspaper featuring him on its front page.
- Gemstones provide vital revenue for Myanmar's military-backed government and fuel internal conflict, prompting Britain-based Global Witness to urge jewelers to stop purchasing gems sourced from the country's volatile mining regions.
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It is the second largest ruby extracted from Mogok, whose value has not been declared but estimated millions of dollars. The precious stones industry is a crucial source of financing for the Burmese military regime
Is it a lump of dried jam? A shrunken organ? No, it's a very valuable ruby found in Myanmar.
Massive 11,000-carat ruby believed to be second-largest ever found in conflict-ridden country
A massive ruby unearthed in Burma is being hailed as the second-largest ever discovered in the conflict-ridden country.The ruby weighs about 11,000 carats — about 4.8 pounds — and was unearthed near Mogok in the Mandalay region, the center of Burma’s gem industry and an area affected by ongoing conflict, according to The Associated Press, citing state media. The stone was found in mid-April, shortly after the country’s traditional New Year celeb…
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