(SeaPRwire) –   A colossal ruby discovered in Burma is being recognized as the second-largest ever found in the conflict-affected nation.

The gemstone, weighing approximately 11,000 carats—about 4.8 pounds—was unearthed near Mogok in the Mandalay region, a key hub of Burma’s gem industry and an area currently impacted by ongoing hostilities, according to The Associated Press, quoting state media.

The discovery occurred in mid-April, just after the country’s traditional New Year festivities.

While it is about half the size of a 21,450-carat ruby found in 1996, experts suggest this new specimen could command greater value due to its superior quality, as reported by the news outlet.

The stone exhibits a purplish-red hue with subtle yellow undertones, moderate transparency, and a highly reflective surface.

Burmese President Min Aung Hlaing and his cabinet have already examined the gem in the capital, Naypyidaw.

Burma accounts for up to 90% of the world’s ruby production, primarily from Mogok and the nearby Mong Hsu mines.

The gem trade—both legal and illicit—constitutes a major economic driver in the country.

Nevertheless, human rights organizations such as Global Witness have consistently called on jewelers to refrain from purchasing Burmese gemstones, asserting that the trade fuels the nation’s military regimes, per The Associated Press.

Gem mining also provides financial support to ethnic armed groups vying for autonomy, further fueling Burma’s protracted conflicts.

Mining areas remain unstable.

Mogok was captured by the Ta’ang National Liberation Army (TNLA), an ethnic armed group, in July 2024; control subsequently reverted to the military following a ceasefire agreement brokered by China late last year.