Wrekin Ruby mystery continues

Wednesday 18th March 2009, 6:30PM GMT

wrekin-construction4Mystery still surrounded the ruby believed to have been sold to buy collapsed firm Wrekin Construction today after a jewel called the Gem of Tanzania turned up in a spoof sale on online trading website eBay.

The eBay page says the “Gem of Tanzania – the most valuable ruby in the world (allegedly)” is available to bid for until March 24, and is accompanied with a photo of a pear-shaped ruby stone.

It lists the stone’s location as Gatwick, and by early today, there were bids on the item with the highest being £5.50. Its starting price was 99p and the seller lists postage at £20.

Company accounts for the Shifnal firm show that Wrekin bought a ruby known as the Gem of Tanzania in exchange for £11 million worth of shares in 2007.

The records show that it was bought from the Tamar Group, owned by businessman David J Unwin, who bought the firm and was chairman until it collapsed last week.

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3 Comments

  1. Frank T ,Bridgend said:

    £5.50 IS FAR TOO MUCH!

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  2. Y Mab Darogan said:

    Maybe the MP for Telford would like to buy it to display in his office

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  3. Rob, Telford said:

    Frank T ,Bridgend said:

    £5.50 IS FAR TOO MUCH!

    It’s already up to £51 – I wonder if David Unwin will try to buy it in exchange for some shares in Tamar Group???

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