AUCTIONS The Magnificent Jewels sale on Nov. 29 at Christie’s Hong Kong will lead with a stunning 10.05 ct. Burmese pigeon’s-blood ruby ring. The ring, designed by Faidee, is called the Ratnaraj Ruby (above); Ratnaraj means “king of precious stones” in ancient Sanskrit. “Only those rubies of exceptional saturation and natural red fluorescence can be deemed as pigeon’s-blood, and it is particularly rare of a ruby of this quality to appear in over 5 carats,” said Christie’s. The ring is estimated at $8.8 million–$12.5 million. A royal bounty indeed.   ACQUISITIONS