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Sunrise Ruby sold below its presale estimate

The Sunrise Ruby sold for CHF 13.1 million ($14.6 million) at Christie’s falling below expectations at an auction marred by complaints about Nazi links.

The 25.59-carat Burmese gem from the collection of Austrian billionaire Heidi Horten missed its low estimate of CHF 14 million ($15.7 million). In 2015, the same piece sold for more than $30 million at a Sotheby’s auction.

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