Photographer: Taylor Weidman/Bloomberg
Digging for the Next Rare Gem in the Valley of Rubies
In a remote region of Myanmar, a country that is estimated to produce 90% of the world's ruby supply, there is a place where the gem reigns supreme. Mogok, about 280 miles north of the capital Naypyidaw, has unearthed some of the rarest and most luxurious rubies including the legendary 82-carat Nga Mauk ruby discovered centuries ago. Last year, the 25-carat Sunrise Ruby set a world record when it sold at auction for $30 million. Today the region is still economically reliant on mining, gem-cutting and jewelry making—giving it the title "Ruby Land." Photographs by Taylor Weidman for Bloomberg.