Rare Burmese ruby sells for $30.3 million at auction

May 14, 2015 12:00 AM

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A rare Burmese ruby in a platinum ring with diamonds sold for $30.3 million at auction, setting a world auction record for any ruby and for any stone by Cartier, according to Sotheby's.

The buyer and history of the piece, with the ruby weighing in at 25.59 carats, was not disclosed. It was auctioned Tuesday as part of the annual Magnificent and Noble Jewels sale by Sotheby's Geneva.

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