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Rubies are also high in value with the most expensive being purchased in 2006 for a staggering 3.5 million dollars. It was 8.62 carats, set in a Bulgari ring and colored in a highly desired “pigeon’s-blood red”, which is a deep red color with a hint of blue. The exceptionally rare color and carat weight made this sparkler a record breaker. It’s rumored that after auction this gem was sold to the Sultan of Brunei and presented to one of his wives as a gift.