Enter the Red Dragon—the Million-Dollar Ruby Ring Leading Phillips’ Holiday Auction

The Red Dragon, an opulent 6.43 ct. Burmese ruby and diamond ring, is poised to make a mic-drop of a gift for someone this holiday season. The festive-feeling ring is being auctioned at Phillips’ annual New York Jewels auction in New York City tomorrow (Dec. 13) and is estimated to fetch between $1-$1.5 million.

The ring comes from an unnamed “private collection,” and its value lies in the ruby’s remarkable size and weight combined with its “beautifully saturated purplish red color and a very fine purity, a combination rarely encountered in Burmese rubies of this size,” reads its auction notes.

Also expected to achieve a roughly $1 million sales price ($800,000-$1.2 million sales estimate) is the below Boodles necklace featuring a fancy intense pink diamond pendant weighing 4.05 cts and a platinum chain that boasts collet-set brilliant-cut diamonds. Like the Red Dragon, it’s pure wowza.

My personal favorites from the sale—David Michael heliodor earrings with colored diamonds and a voluminous Suzanne Belperron ruby and quartz ring, both shown below—will fly for far less (their estimates are $20,000-$30,000 and $10,000-$15,000, respectively). But they’re million-dollar designs in my book.

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