One of the world’s biggest rough rubies has landed in Dubai to mark the launch of the new Callisto Collection by SJ Gold and Diamond, the Swiss firm said in a statement on Tuesday.
The rough Ruby, mined from the Central Tanzanian village of Winza, will make its first public appearance in the market at the Waldorf Astoria in Dubai Financial Center (DIFC) on Friday.
SJ Gold and Diamond, established in Dubai since 2017, will display the record-breaking rough ruby gem called ‘Burj al-Hamal,’ or ‘Aries’ in English.
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.
Nelson Mandela’s 1961 arrest warrant NFT raises $130,000 in auctionA non-fungible token created from Nelson Mandela’s original arrest warrant raised 1.9 million rand ($130,000) in an auction to help fund a heritage ... World News
Warhol painting of Marilyn Monroe expected to fetch $200 million at auctionA portrait of actress Marilyn Monroe by 1960s pop icon Andy Warhol will go up for auction in May with an estimated value of $200 million, which would ... World News
Rare Steve Jobs items hit the auction blockItems from the birth of Apple, home computing and video gaming are up for grabs at an auction, which will conclude on March 17.For the latest ... World News
Huge opal gemstone sells for nearly $144,000 at Alaska auctionA gemstone, billed as one of the largest gem-quality opals in existence, was sold for $143,750 at auction in Alaska on Sunday.For the latest headlines ... World News