Burmese officials display 11,000-carat ruby in Naypyidaw
Updated
Updated · Fox News · May 11
Burmese officials display 11,000-carat ruby in Naypyidaw
8 articles · Updated · Fox News · May 11
The 4.8-pound stone, found near Mogok in mid-April, is believed to be Burma's second-largest ruby after a 21,450-carat gem discovered in 1996.
President Min Aung Hlaing and his cabinet inspected the purplish-red ruby, which experts say may be more valuable than larger finds because of its higher quality.
Burma supplies up to 90% of the world's rubies, but rights groups say gemstone sales fund the military and armed groups in unstable mining areas including Mogok.
A priceless ruby was found in a conflict zone. Can the world stop it from funding Myanmar's military?
Will Myanmar's massive new 'blood ruby' become a war chest for its internationally condemned leader?