Astonishing gemstone worth $120 million unveiled in Dubai

A huge rough ruby of 8400 carats, weighing 2.8 kilograms, has made its debut in Dubai, UAE.

A huge rough ruby of 8400 carats, weighing 2.8 kilograms, has made its debut in Dubai, UAE.

Known as Burj Alhamal, the uncut stone, which weighs almost like a brick, was brought to light by British actor Tamer Hassan during the Waldorf Astoria Dubai International Financial Centre on Friday, 15 April.


The precious ruby has a variegated purplish-red hue and was discovered in Winza, Tanzania. The value of the gem is estimated at $120 million.

This is the first time that this type of stone has been seen in public, and it is currently on display at DIFC. The same will also be offered at an auction shortly after Ramadan.

The managing director of SJ Gold & Diamond, Patrick Pilati, has described the gem as the company’s “crown jewel”. Burj Alhamal is expected to draw strong interest given the GCC’s growing desire to invest in high-value, one-of-a-kind jewellery and gems pieces.

Once someone will buy it, that person will decide what to do with the stone. As more people are looking towards to invest in movable assets during this pandemic time, as opposed to more traditional static investments such as property or land, this might dictate whether the stone will be cut up into smaller pieces or will be kept in its intact form.

The coming of the gem in Dubai has solidified the city’s status as a leader in the gemstone market. In recent months, both Christie’s and Sotheby’s have chosen Dubai as the launch hub for global touring exhibitions of luxury jewellery and watch.

Owned by SJ Gold & Diamond, Burj Alhamal is only one of the gems in the company’s Callisto collection, a selection of rough and cut stones that contains rubies and white and yellow diamonds. The collection also includes 12 rough rubies that weigh an astonishing 236,000 carats.



Please enter your comment!
Please enter your name here

Read More

World requires faster action in getting COVID vaccines, says UAE Minister

The UAE (Dubai) Minister of State for Advanced Technology, Sarah Al Amiri, on Monday, 11 April said that the COVID-19 pandemic was "far from over" and also called for faster action in getting vaccine shots to poor and war-torn countries.

Sharjah announces discounts of up to 75% promoting back to school

Sharjah announced a discount of up to 75% on back-to-school this Monday, August 8, which includes a wide range of products such as stationary, electronic devices and libraries. The Sharjah Chamber of Commerce and Industry (SCCI) will organise a back-to-school campaign on Tuesday, August 9.

DWC to manage over 1000 flights amid closure of runway of Dubai International Airport

Dubai World Central (DWC), the second airport of Dubai, will control over 1000 flights every week during the closure of the northern runway at Dubai International Airport.


Naya Rivera’s family remembers her on 1-year death anniversary!

Today marks 1-year anniversary of actress, singer and model Naya Rivera and Rivera’s family, friends and fans are remembering and honoring the actor a...

Ryan Reynolds opens up about how he wooed Blake Lively!

Even after 10 years of their wedding, Ryan Reynolds remembers how he first talked and wooed Blake Lively as if it was yesterday. In a...

Bill Gates’ powerful and best investment quotes

Bill Gates - a name and a personality which has become an inspiration for millions of individuals, especially for youth.