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Myanmar’s ‘Valley of the Rubies’ emerges from shadows

MOGOK, Myanmar — When the world hears about Mogok, it usually concerns some hefty ruby unearthed in the region and auctioned for millions of dollars — the kind of discovery that has dominated news about the remote gem-mining town for decades. But with gnawing anxieties over dwindling gem deposits, locals are turning to a promising […]

Myanmar, ‘Golconda’ stones break records

A rare “pigeon blood” ruby has fetched a record $30.33 million (about Rs. 194 crore) at an auction by Sotheby’s in Geneva, while a rare pink diamond, which may have originated from the famous Golconda mines near Hyderabad, has been sold for $15.9 million (about Rs. 102 crore). At an auction of contemporary art in […]