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A massive 133-carat fancy vivid yellow diamond has broken its pre-sale estimate at a Sotheby’s auction in New York.

The 137-lot sale in New York achieved $38.4 million. It featured jewels from iconic entertainers Mary Tyler Moore, Frank Sinatra, Red Skeleton and Tony Randall

Acquiring coveted jewels like Malo Malo pearls and pedigreed diamonds depends on who—and what—you know, plus hard cash. Here's how to get started.

Aspen Art Museum celebrates artists, institution boldness at annual fundraising gala

A 55.22-carat gem, described as a "once-in-a-lifetime" jewel by Sotheby's New York, was sold for $34.8 million to an anonymous telephone

CBS 58 is your local source for the Milwaukee news, Milwaukee weather, and Milwaukee sports.

(CNN) — A 55.22-carat ruby has become both the largest and most valuable gem of its kind ever to sell at auction, netting $34.8 million on Thursday.The stone<a class="excerpt-read-more" href="https://whdh.com/news/largest-ruby-ever-to-come-to-auction-sells-for-record-breaking-34-8-million/">Read More</a>

The original, rough stone was discovered at a mine in Mozambique and weighed 101 carats.

“From the in-depth analysis and study of the stone — through the process of cutting and polishing — we have worked with the utmost care and respect for the ruby, recognizing its importance and stature."

The largest ruby ever to be sold at an auction went for a record-setting $34.8million, less than a year after it was mined in Mozambique.