When you read the story you realize that beauty is still in the eye of the beholder. There is a religious + historical spin to this story, and for this reason valuation becomes even more difficult. When you look at the prices quoted for the stones, it becomes clear that they are quoting prices based on the size (s) of the stone not the quality.
Mr. G. Vidyaraj, the owner of world's largest Star-Rubies is the direct descendant of the royal family of great Kingdom of Vijayanagar, India. The most famous of its kings was Krishna Deva Raya (1509-30), who imported velvets and damasks from Aden and China, horses from Arabia and elephants from Ceylon. Vidyaraj's gems must have been court jewels or the spoils of a war. The history of these stones, as narrated by Vidyaraj, is fascinating. Vijayanagar was world-centre for trade of precious gems and jewellery and traders from far flung corners of the world embarked upon hazardous and lengthy journeys coming to Vijayanagar in search of magnificent and unusual stones; with them they brought Emeralds from South America, Rubies from Burma and Pearls from Persian-gulf. Some of the world's more celebrated stones, mostly diamonds, like the Kohinoor, the Orlov, the Hope and the Pitt, are believed to have originated from the Vijayanagar dynasty. This great kingdom fell after the Talikota war of 1565, and his ancestors fled from Vijayanagar to the erstwhile state of Mysore.
You can now buy the Ravirathna, world's largest star ruby cut like a cabochon on top, weighing 3553 carats for a Billion US Dollars. Or it's smaller cousin, the Rajarathna, the largest star ruby in the world, weighing 2475 carats, for 500 Million US Dollars. If you cannot afford either, you might consider buying the Neelanjali, a double star sapphire weighing 1370 carats displaying twelve star lines, on offer for 200 Million US Dollars. Or world's largest uncut Burma ruby of 45000 carats for US Dollars 50 Million or may be a Burma ruby of four or five carats available at 75,000 US Dollars per carat.
''Being the worshippers of Shiva, they had brought with them several tiny sacred objects supposed to be lingams or symbols of Lord Shiva. These objects were called saligramas."
Always a rationalist at heart, he suspected that there might be something interesting hidden behind the centuries of grime and soot. So he sent off his family and domestic staff out on a holiday afternoon, and attacked one of the sacrosanct objects with soap and brush.
What emerged appeared, even to Vidyaraj's untrained eye, to be a precious stone. Ever the cautious lawyer, Vidyaraj locked the stones away again and began reading books on gemology in his spare time. As his knowledge of precious stones improved, he took the smallest of the stones out, and began taking it around to various gem cutters in the city. He would ask one to clean it, another to cut it, a third to start making facets and so on.
Those days of amateurism did cost him a lot. He now admits that more than half of 1125 carat star ruby, the Vidyaraj, was lost while cutting it. Now it weighs just 650 carat. Interestingly, this particular stone, which has Guinness Book listing,
Almost a decade ago, Vidyaraj first revealed the existence of a gigantic ruby that he named the Indumathi after his wife. It was a double star 2475-carats ruby with two stars of six lines each. This became the largest known ruby in the world, replacing the Rosser Reeves ruby, which is on display at the Smithsonian Institute in Washington DC.
Before this piece could make it to the Guinness Book, it was surpassed by another even bigger ruby that Vidyaraj named after himself. The Vidyaraj gem is 3.6 cm high and 4.1 cm wide.
And just when the world thought it had seen it all, Vidyaraj made public another stone, that he called the Rajarathna, at the end of 1986. It weighed 2805 carats in its rough form, and lost only 330 carats in cutting. His new revelation took the gem world by storm.
The media then started watching Vidyaraj, who was by then something of a celebrity, closely. How many more mineral wonders did he have up his sleeve, they wondered?
Vidyaraj certainly did not disappoint them. Exactly two years later, he gave the world one more valuable jewel, the Neelanjali, which weighed 2400 carat in its rough form, and 1370 carat after cutting.
The Neelanjali is now in the Guinness Book as the largest double sapphire in the world. It replaced in the world records a sapphire that adorns a stone bust of Abraham Lincoln in the Kazanjian Foundation in Los Angeles.
Now, he has revealed the existence of two more stones. One he describes as the "world's largest uncut ruby," a translucent pomegranate red stone of Burmese origin weighing a staggering 45,000 carats, and quotes a negotiable price of 50 million US Dollars. The other is, of course, the 3553 carat Ravirathna star ruby, for which he wants the astronomical price of One Billion U.S.Dollars. This deep red Burmese ruby displays an animated star of six red rays.
While other of the world's most precious stones, like the giant Star of Africa diamond, Queen Elizabeth's crown jewel, are kept safely in places like the high-tech vault in the Tower of London, Vidyaraj's huge precious stone collection is stored in undisclosed bank vaults dotted around the globe. However, pictures of them are readily available, as are certificates from renowned gemologists, who testify to their existence and value.
References:
Indian Express 30/11/1986
The Wall Street Journal 31/12/1991
The Illustrated weekly Of India 29/06/1991
Obsession 25/08/1991
The City Tab 07/12/1986
Indian Express 07/04/1999
Sunday Observer 01/01/1995
Kalki 28/10/2001
The Times of India 06/05/2000
The New York Times 15/01/1992
World’s Largest Uncut Ruby
Star ruby
45000 carats
World’s largest uncut star ruby is far superior to any other stone in color, quality and clarity. It is translucent and deep red in color with hardness 9 on Moh’s scale.
Price: US$50 million (negotiable)
Neelanjali
Double star sapphire
1370 carats
Neelanjali" a 1370 carat double star sapphire displaying twelve rays has no parallel in the world. Each star line cutting at 30 degrees on cabochon head produces great optical delight when viewed under light .This gained entry into Guinness Book of World Records as a new entry.
Price: US$150 million (negotiable)
Rajarathna
Star ruby
2475 carats
Rajarathna" a 2475 carat rare star ruby displaying six star lines ,is the largest star ruby in existance,as such is entered into Guinness Book of World Records as the largest star ruby. The animated jumps high on the cabochon head. Its star lines are clear and sharp under light. Being translucent, it has a pleasant pomegranate color with a slight purple tinge.
Price: US$250 million (negotiable)
Ravirathna
Star ruby
3553 carats
"Ravirathna" a 3553 carat unprecedented star ruby is far superior to both Rajarathna and Neelanjali in color, quality, clarity and cut. It displays clearly an animated star of six red rays that shines on the cabochon head. It is translucent and deep red in color, amazing in concept, exquisite in exposure. Really the gem of gems! a super star.
Price: US$550 million (negotiable)
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