Giant 11,000-Carat Ruby Found in Myanmar Could Be Worth a Fortune

Myanmar state media says an 11,000-carat ruby has been discovered in Mogok, one of the country’s famed gemstone areas.

Officials described the stone as rare and high quality, and said it could be more valuable than a larger ruby found in 1996.

The find reinforces Myanmar’s long-standing role as a major source of prized rubies despite ongoing political turmoil.

The discovery is a notable boost for the country’s gemstone industry and the global gem trade.