Miners in Myanmar have uncovered a rare ruby weighing 11,000 carats (4.8 pounds), making it the second-largest ever found in the conflict-battered nation, according to state media reports.
Key Takeaways
Miners in Myanmar have discovered an 11,000-carat ruby near Mogok, considered the second-largest ever found. The gem is valued for its superior color and quality despite being half the weight of a historic stone from 1996.
- Miners unearthed an 11,000-carat ruby in Myanmar's conflict zone
- Ruby discovered near Mogok, known as the heartland of gem mining
- Gem valued for its superior color and quality despite smaller size
- Myanmar produces 90% of world's rubies, funding both government and armed groups
The precious stone was discovered near Mogok in the upper Mandalay region, known as the heartland of Myanmar's lucrative gem-mining industry. The area has recently experienced intense fighting amid the country's ongoing civil war. According to a report from the state-run Global New Light of Myanmar, the ruby was found just after the traditional New Year festival in mid-April.
While this discovery weighs roughly half that of a 21,450-carat stone unearthed in 1996, it is considered more valuable due to its superior color and quality. The gem features a purplish-red hue with yellow undertones, high-quality color grade, moderate transparency, and a highly reflective surface.
Myanmar produces up to 90% of the world's rubies, primarily from Mogok and Mong Hsu regions. Human rights activists have urged jewelers to stop purchasing gems sourced from Myanmar due to its history as a vital revenue stream for military governments over several decades.
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