Demand for Burmese Rubies Grows

During the last decade, the U.S banned the import of Burmese rubies in order to put pressure on the country's military regime Even though the controversy around the ruby mining business in Myanmar, formerly known as Burma, continues today, jewelry designers such as Kalan, as well as major global auction houses, have seen increasing demand and strong prices for Burmese rubies since President Barack Obama officially lifted the ban in October 2016.

Kalan's Burmese ruby collection, including earrings, rings, bracelets, and necklaces, will be sold at Bergdorf Goodman, Neiman Marcus, Harrods, Dover Street Market, and online at Net-a-Porter, among other locations The launch of her Burmese ruby collection, most of the pieces set with yellow and rose gold, is in time for the spring season Burmese rubies are also featured in luxury collection from the world's top jewelers, including Harry Winston, Bulgari, Tiffany, and Cartier.

"The market has been very strong for gem-quality Burmese rubies for the past five years," says Daphne Lingon, head of jewelry at Christie's Americas During the same auction, a set of three Burmese ruby and diamond flower clip brooches by Raymond Yard, offered from the collection of Peggy and David Rockefeller, sold for US$102,500, more than triple its high estimate of US$35,000. . Source