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(22 May 2023) UAE GEMSTONES SOURCE: ASSOCIATED PRESS RESTRICTIONS SUMMARY: LENGTH: 3:09 ASSOCIATED PRESS Dubai, United Arab Emirates - 22 May 2023 1. Eternal Pink diamond on ring rotating 2. Emirati man looking at stone 3. Estrela de FURA ruby on ring rotating 4. Man looking at gemstone, reporters filming 5. Estrela de FURA ruby 6. Gemstone experts 7. Feryal Ahmadi, chief operating officer at Dubai Multi Commodities Centre, talking with reporters 8. SOUNDBITE (English) Feryal Ahmadi, chief operating officer at Dubai Multi Commodities Centre: "We're unveiling two very magnificent stones at the Dubai Diamond Exchange today. The first is the vivid pink, which is called the Eternal Pink. It's one of the most exquisite pink diamonds that has come to the market as of date. And the second is eternal de FURA, which is 55 carats - considered to be the largest and most valuable ruby that has ever gone to auction. We were honored to have this stone on the Dubai Diamond Exchange last year in its rough form and this year it has come back in its polished and cut form. As you are all aware, Dubai has established itself as a diamond hub in the past decade, and will soon be also the precious stones and gemstones hub of the world, welcoming more of such gemstones such as rubies, diamonds and sapphires." 9. Rings with gemstones on woman's fingers, tilt up to expert 10. Expert showing diamond and ruby 11. Expert's hand with rings on her fingers 12. SOUNDBITE (English) Sophie Stevens, gemstone expert: "It's very nice bringing it back here to Dubai because in September 2022, it was revealed by Fura Gems, who mined it in Mozambique in its rough when it weighed 101 carats. It has since been cut and polished by master gem cutters into the beautiful cushion shape that it is today. And so we look forward to seeing it break records in New York next month." 13. Man filming ring with his phone 14. Phone screen 15. SOUNDBITE (English) Sophie Stevens, gemstone expert: "The second stone is the Eternal Pink, which is the 10.57 carat, fancy, vivid, purplish pink. It's one of the most valuable and vivid pink diamonds ever to come to auction and has an estimate in excess of $35 million. For the Estrela de FURA, we're expecting it to break all records for ruby because there has never been one seen in this size before - in terms of a gem quality ruby at auction. And we expect the estimate to be in excess of $30 million." 16. Visitors looking at gemstones 17. Estrela de FURA ruby STORYLINE: Auction house Sotheby's Dubai revealed two exceptional gemstones on Monday at the Dubai Diamond Exchange, prior to an upcoming auction in New York on June 8. The gemstones, dubbed the Eternal Pink diamond and the Estrela de FURA Ruby, were on display at the center, mesmerizing viewers. The Eternal Pink diamond, weighing a substantial 10.57 carats, has undergone cushion cutting and polishing. The fancy vivid pink diamond was classified as internally flawless, the highest possible grading for this category of gems. The second gem, the Estrela de FURA Ruby, also known as the 'star of Fura' weighs 55.22 carats. It was discovered in Mozambique in September 2022, having initially weighed 101 carats. The Estrela de FURA Ruby is regarded as an extraordinary find due to its impeccable clarity and deep, radiant red hue. Sotheby's gemstone expert, Sophie Stevens, estimates the value of the Eternal Pink diamond to exceed $35 million. The Estrela de FURA Ruby, meanwhile, is estimated to sell for more than $30 million. AP video shot by Bassam Hatoum Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: / ap_archive Facebook: / aparchives Instagram: / apnews You can license this story through AP Archive: http://www.aparchive.com/metadata/you...