New York, New York – With a whopping size and a stunning color, the ruby sold by Sotheby's on June 8 has broken more than just one world record. Indeed, it is the biggest ruby ever recorded, and the most expensive colored gemstone ever sold.

Sotheby's Magnificent Jewels auction in New York City has reached a number of remarkable milestones this week, bringing in an unbelievable amount of cash for an equally impressive set of jewels.

Selling two giant stones in just a few hours, the auction house is certainly seeing the dough rolling in.

Setting a new world record can't be easy, but this ruby has managed to do it twice in the course of just one day.

Joke of the Day Joke of the Night for April 17, 2024: The best jokes to laugh the day away

Here is all the glitz and glamour of the most expensive colored gemstone ever sold.

Sotheby's confirmed they had sold two "historic stones". One of these stones was a world record breaker, fetching more money than any other precious or semi-precious gem had ever fetched before. This insane ruby was not only gorgeous and expensive, but massive.

Named "Estrela de FURA 55.22," the world's most expensive colored gemstone ever sold at auction was a gorgeous "red hot" 55.22 carat ruby, which fetched $34.8 million. The record also makes it both the most expensive ruby ever sold.

In a press release, Sotheby's said "the $34.8 million achieved places the 'Estrela de FURA 55.22' as the most valuable colored gemstone ever sold at auction – previously held by the 'Sunrise Ruby,' a 25.59 carat Burmese stone, which sold for $30.3 million."

Joke of the Day Joke of the Day for April 19, 2024: Get your funny on

Apparently, only two other rubies have ever fetched more than $15 million at auction, making this bad-boy even more impressive. The gem was mined and discovered in Mozambique, was sized at 55.22 carats, and sold at $630,288 per carat. Quig Bruning, head of Sotheby's Jewelry in America, said he had been "entranced" by the stone.

"With its unprecedented size, piercing color and rare degree of optical transparency and clarity, it truly deserved the record-breaking price today, as it now joins the ranks of the world’s most legendary gemstones," he said.

At 55.22 carats, Sotheby's Estrela de Fura 55.22' is likely to also be the world record for largest gem-quality ruby to have ever appeared at auction.

Cut from an insanely big 101 carat rough, from one of the world's largest ruby deposits in the world, it isn't such a surprise that this record-breaking ruby originated where it did.

While Estrela de Fura 55.22 is the most expensive colored gemstone ever sold at auction, it's neither the most expensive jewel, nor the most expensive per carat. The most expensive gemstone per carat is an honor that goes to the blue diamond, which is often sold for more than $3 million per carat - $3.93 million to be exact.

On top of that, the most expensive (per carat) ever sold at auction was a blue diamond that went for $4,028,940 per carat in 2015 (according to Guinness World Records). In total, this brilliant bauble sold for a whopping $48,468,158. Still, this isn't the most expensive jewel ever sold.

On April 4, 2018, a flawless pink 59.6-carat diamond sold for $71.2 million, making it the most expensive piece of jewelry, and the most expensive jewel, ever sold. The sale was made in Hong Kong and was confirmed as legitimate by Guinness World Records.

At $34,800,000, Estrela de Fura 55.22 has far too many zeros in its price than most of us could even quantify. Indeed, this stone - big for a ruby, small in almost any other context - is so expensive that it would take most of us hundreds of years to save up enough to just hold it in the palm of our hand.

That's not to say that these stones aren't extraordinary. Rubies, diamonds, and all precious and semi-precious stones are incredibly beautiful, even if they're not breaking records for most expensive colored gemstone ever sold.

Either way, Sotheby's have had a record-breaking sale here. And honestly, who wouldn't love a30-million bucks worthy shiny rock? We'll have to sit back and see if anyone can beat these epic records.