Christie’s In Hong Kong Sells Burmese Ruby for $18 Million

Christie’s in Hong Kong reported the sale of the 'Crimson Flame', a rare Burmese ruby, for $18 million. The auction house said the sale set a world auction record per carat of $1.2 million.

The Magnificent Jewels sale brought in $96,904,062, selling 80% by lot and 83% by value.

Another big seller was the flawless Afghan Emerald which sold for $2.2 million, establishing a world record price for an Afghan emerald at auction.

The sale attracted 160 buyers from 16 countries from three continents.