One of the largest rubies ever found is expected to sell for over $30 million at auction in New York City, PEOPLE confirms.

55.22-carat ruby is poised to become the largest — and should it sell for over $30.3 million, the most valuable — gem of its kind ever to appear at auction.

55.22-carat ruby is poised to become the largest — and should it sell for over $30.3 million, the most valuable — gem of its kind ever to appear at auction.

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“Now seven months after its debut,” the site wrote Wednesday, “the Estrela de FURA is back with a breathtaking new cushion cut of 55.22 carats, revealing the stone’s most absolute beauty.”

55.22-carat ruby is poised to become the largest — and should it sell for over $30.3 million, the most valuable — gem of its kind ever to appear at auction.

In a statement to PEOPLE, Fura Gems' founder and CEO Dev Shetty said that stones of such size and quality are “almost unheard of.”

55.22-carat ruby is poised to become the largest — and should it sell for over $30.3 million, the most valuable — gem of its kind ever to appear at auction.

“The miraculous discovery last year of the 101 carat Estrela de FURA at the FURAmine in Mozambique was of immense importance, shocking all those in the jewelryworld. Now, in its newly transformed state of 55.22 carats, Estrela de FURA 55.22, is atrue wonder of nature and sensational stone of perfect color and exceptional clarity,combined with a superb cushion shape,” Bruning said, adding:

“It is undoubtedly positioned to become the standard bearer for African rubies - and gemstones in general, bringing global awareness to their ability to be on par with, and even outshine, those from Burma, which have traditionally been the most desirable and recognizable source for rubies”

source: people.com