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The Wrekin Ruby

When Wrekin Construction went into administration last week, it blamed the Royal Bank of Scotland for demanding repayment of an overdraft. However, the 2007 accounts show that among the assets of the company is a ruby it called the "Gem of Tanzania". Wrekin had bought the stone off one of its shareholders for £11m worth of shares - more than four times the record for a single ruby at auction. [more inside]
posted by Electric Dragon on Mar 16, 2009 - 20 comments

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