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Burmese ruby sells for record US$30m at auction

Published Wed, May 13, 2015 · 09:50 PM

Geneva

A 25.59 carat "pigeon blood" ruby sold for a world record US$30.33 million at auction in Geneva on Tuesday while a rare pink diamond believed to have once belonged to Napoleon's niece fetched US$15.9 million, Sotheby's said.

After competitive bidding, the ruby went to an anonymous telephone bidder for 26.25 million Swiss francs (S$37.7 million), with costs.

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Burmese ruby sells for record US$30m at auction

Consumer & Healthcare

Coca-Cola raises annual organic sales forecast on global demand, higher prices

Dying salmon trouble Norway’s vast fish-farm industry

Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too

Billionaire Geiger is said to near US$7 billion L’Occitane buyout

HCA beats first-quarter profit estimates on higher patient admissions

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

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