The largest ruby ever found was mined in the same area in 1996, but officials say the most recent discovery is considered more valuable.
WASHINGTON — Miners in Myanmar have unearthed a massive 11,000-carat ruby.
According to Global New Light of Myanmar, a state-run media outlet, the ruby was discovered in mid-April. It was presented to Myanmar officials and was analyzed before the country’s president on Thursday.
The rough gemstone is described as having a purplish-red hue with yellowish undertones, high-quality color grade, moderate transparency and a reflective surface.
Weighing roughly 4.8 pounds and measuring 11,000 carats, it’s the second largest discovery by weight. Four of the largest rubies in the world have been mined in the same area in the town of Mogok.
Myanmar produces as much as 90% of the world’s rubies, primarily from the areas of Mogok and Mong Hsu.
The largest ruby was found in 1996 and was measured at 21,450 carats and weighed 9.45 pounds, but experts say the new discovery is considered more valuable because of its superior color and quality.
The quality of a ruby is determined by its color, cut, clarity and carat weight. All of these factors contribute to the gemstone’s value, though the region where it’s sourced may also be considered.
The Associated Press contributed to this report.