Rare 11,000-carat ruby found in Myanmar's conflict-hit Mogok

Miners in Myanmar have discovered a massive ruby, considered to be the second-largest by weight ever found in the country. The ruby, weighing 11,000 carats, was unearthed near Mogok in mid-April. Although it weighs less than a 21,450-carat stone found in 1996, it is considered more valuable due to its superior color and quality. Myanmar produces about 90% of the world’s rubies, with gemstones being a major revenue source. Human rights groups have urged jewelers to stop buying gems from Myanmar, as the industry has funded military governments and fueled internal conflict.