SouthernWorldwide.com – Miners in Myanmar have unearthed a colossal ruby, estimated to be the second-largest ever discovered in the nation, according to state media reports.
The gemstone, weighing an astonishing 11,000 carats and tipping the scales at 4.8 pounds, was found near Mogok, a town situated in the upper Mandalay region. This area is renowned as the epicenter of Myanmar’s lucrative gem-mining industry, which has recently been impacted by significant conflict amidst the country’s ongoing civil war.
The Global New Light of Myanmar, a state-run publication, detailed that the rough ruby was discovered in mid-April, shortly after the traditional New Year festivities. This timing marks a significant moment for the region’s gem trade.
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While this newly found ruby is approximately half the weight of a record-breaking 21,450-carat stone found in 1996, it is considered more valuable. This is attributed to its superior color and quality, described as a purplish-red hue with subtle yellowish undertones. It boasts a high-quality color grade, moderate transparency, and a highly reflective surface, characteristics highly prized in the gemstone market.
Myanmar is a dominant force in the global ruby market, producing an estimated 90% of the world’s supply. The primary sources for these precious stones are the Mogok and Mong Hsu regions.
Gemstones, whether traded legally or smuggled, represent a substantial revenue stream for Myanmar. However, human rights organizations, including the Britain-based Global Witness, have voiced concerns. They have urged jewelers to cease purchasing gems originating from Myanmar, citing the industry’s historical role in funding the nation’s military governments for decades.
A new government, ostensibly civilian-led, was established this year. However, this followed elections that were widely criticized by human rights and opposition groups as being fraudulent. The vote saw the return of President Min Aung Hlaing, the army chief who orchestrated the most recent military coup in 2021.
President Min Aung Hlaing and his Cabinet recently had the opportunity to examine the impressive ruby at his office in the capital city, Naypyitaw. This highlights the national significance attributed to the discovery.
The gemstone mining sector also serves as a crucial funding source for various ethnic armed groups engaged in conflicts for autonomy. This financial aspect has unfortunately contributed to fueling decades of internal strife within the country.
The security situation in these vital mining regions remains precarious. Mogok, for instance, was captured in July 2024 by the Ta’ang National Liberation Army (TNLA), a guerrilla force representing the Palaung ethnic minority.
Although the TNLA initially took control and managed the mines, the operational authority was eventually transferred back to Myanmar’s army. This handover occurred as part of a ceasefire agreement brokered by China and concluded late last year, underscoring the complex geopolitical dynamics at play.
