Ruby – No heat - Burma, 2.18ct

Investment Thesis 📝

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1. Exceptional Purchase Discount Creates Immediate Value Buffer
This 2.18 ct untreated Burma ruby was acquired at a 30% discount to comparable retail prices (Purchase: €18.9k, Market: €26.9k). The below-market entry provides downside cushion—paired with a projected baseline growth of 14.1% p.a. over 5–7 years, it’s a compelling long-term value play.

2. Asset Quality: Rare, Untreated Burma Ruby Drives Long-Term Scarcity Value
GRS-certified and unheated, the ruby originates from Mogok, the most renowned source for high-grade gems. Its provenance, natural quality, and restricted supply make it a prized collector’s asset—especially amid ongoing geopolitical supply constraints.

3. Valuation: Return & Risk Scenarios using VaR
The VaR model shows a conservative 5% downside of €20.7k—still above entry. Returns range from 14.1% (balanced) to 26.8% (ambitious) p.a., positioning this ruby as a strong risk-adjusted investment within the hard luxury segment.

Exit Options at Maturity 🚪

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We will manage the exit strategy in collaboration with our expert on behalf of our investors, ensuring the best possible outcome based on market conditions at the time. Depending on the prevailing market situation, the stone will be sold to a private buyer or offered as single lots at a gem-auction. An auction is considered if the price has developed to the point where the minimum bid matches the market value and there is high demand. Both options are carefully considered, and we will choose the one that maximizes the return for our investors.

Why Invest in This Category? 🎨

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Colored gemstones have long captivated investors and collectors alike, offering a unique blend of aesthetic beauty and financial security. Unlike traditional assets, their value is driven by rarity, cultural significance, and increasing global demand. The market for fine emeralds, sapphires, spinel and rubies has seen a steady appreciation, supported by limited supply and growing interest from emerging markets. Unlike diamonds, where synthetic alternatives pose a pricing challenge, top-tier natural colored gemstones maintain strong value retention due to their individuality and limited production. With auction records continuously being set, investing in premium colored gemstones is not just about appreciation—it’s about owning a tangible piece of history with enduring worth.

Why Invest in This Asset? 💎

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This 2.18-carat Burmese ruby is a rare specimen of extraordinary purity—completely untreated and certified “no heat” by GRS. In today’s gemstone market, fewer than 1% of rubies of this size, color, and origin escape thermal enhancement, which makes this stone a true collector’s prize. Its cushion shape and slight inclusions preserve the natural fingerprint of Mogok’s geological uniqueness—highlighting its authenticity rather than detracting from it.

The stone’s provenance is central to its value. Mogok, Myanmar, is the most revered ruby origin in the world. Often referred to as the “Valley of Rubies,” it has produced the world’s finest red gemstones for centuries. Collectors and connoisseurs regard Burmese rubies, especially untreated ones, as the pinnacle of desirability due to their scarcity, visual appeal, and deep red saturation.

Comparable rubies with similar specifications have been offered at significantly higher price points—e.g., a 2.76ct Burma ruby priced at over $80,000. While Mozambique-origin rubies of similar size are available at lower costs, they lack the pedigree and premium associated with Burmese stones, especially those without heat treatment.

Acquired at a compelling €7,500/ct price, this ruby not only offers aesthetic brilliance but enters the market at a value point far below its comparables, creating both protection and upside. With mounting geopolitical restrictions on gemstone exports from Myanmar, no-heat rubies from this origin are becoming harder to source—and increasingly precious in global markets. This is not merely a gem. It is provenance sealed in crystal, scarcity encased in carats, and a historic origin locked in time.

Context in Time ⏳

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In recent years, the combination of depleted Burmese ruby mines, strict international sanctions, and rising global demand has created a supply crunch. Especially for unheated Mogok rubies, opportunities for acquisition are becoming increasingly rare. This 2.18ct stone, certified by GRS and sourced before export tightened, captures a fading chapter in gemstone history—where purity met provenance and collectors could still access what future markets may consider unattainable.

Conclusion 🎯

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At just €7,500/ct, this no-heat Burmese ruby enters the market with rare purity, strong upside, and timeless appeal. It combines provenance, scarcity, and value in one vivid red stone. For collectors or long-term investors, it offers unmatched positioning in a market that’s only growing tighter and more competitive.