Miners in Myanmar have unearthed a rough ruby weighing 11,000 carats (4.8 pounds) near Mogok in the Mandalay region.
The gem was found in mid-April 2024, shortly after the traditional New Year festival, according to state-run media Global New Light of Myanmar.
Significance
The ruby is considered the second-largest by weight ever found in the country. While it weighs roughly half of the 21,450-carat stone discovered in 1996, the new ruby is regarded as more valuable due to its superior color and quality. It is described as having a purplish-red hue with yellowish undertones, a high color grade, moderate transparency, and high reflectivity.
Context
Myanmar produces up to 90% of the world's rubies, primarily from Mogok and Mong Hsu. Gemstones are a major revenue source for the country, both legally and through smuggling. Human rights organizations, including Global Witness, have urged jewelers to cease purchasing Myanmar gems, as the industry has historically funded military governments.
Political and Security Situation
A new civilian government was installed in 2024 following elections criticized as a sham by human rights and opposition groups. President Min Aung Hlaing, who led the 2021 military takeover, recently examined the ruby at his office in Naypyitaw.
Gemstone mining also funds ethnic armed groups fighting for autonomy. Mogok was captured in July 2024 by the Ta'ang National Liberation Army (TNLA), which operated the mines before control was returned to Myanmar's army under a China-mediated ceasefire.