A rare Burmese ruby in a platinum ring with diamonds sold for $30.3 million at auction, setting a world auction record for any ruby and for any stone by Cartier, according to Sotheby's.

Burma Ruby or Manikya Though brand-new Ruby mines can now be found in Africa and Asia, the most popular and rare Rubies originate from Myanmar (formerly known as Burma).

A rare Burmese ruby set in a platinum ring with diamonds has sold for 30.3 million US dollars (£19.4 million), setting a world auction record for any ruby and for any stone by Cartier, according ...

It comes as legislation is pending in the U.S. Congress, the Burma Act of 2021, which would prohibit all U.S. imports of Burma gemstones.

A 4.59-carat Burmese ruby and diamond ring by Tiffany & Co. sold for US$1.15 million at Christie’s New York in June, against a presale estimate of between US$400,000 and US$600,000.

Christie's auction site recently shared a listing for a rare Burmese ruby — one that weighs in at a whopping 15.99 carats, aka quite the large size for this type of precious gem.

A model displays a 100.20-carat diamond, left, and a 25.59-carat Burmese ruby, known as the Sunrise Ruby, during a media preview for the Sotheby’s auction in Hong Kong Friday, April 3, 2015.