The sales pitch accompanying the sparkler describes it as being вЂњideal collateral for bank lendingвЂќ and вЂњhelps boost your balance sheetвЂќ.
Thirteen eager bidders have already succeeded in pushing the price to the dizzy height of ВЈ12.50 which illustrates the fickle nature of valuable gems вЂ“ something worth a mere ВЈ300,000 in 2006 could rise to ВЈ11m within the space of less than a year, yet still crash to the ground in a near-worthless fashion within two years.
One would-be eBay buyer has posed the questions: вЂњI am a bit short of cash at the moment, would you take shares in exchange?вЂќ The sellerвЂ™s reply was: вЂњOnly if they are preference shares.вЂќADVERTISEMENT
Another interested party who offered a $100 trillion Zimbabwe note got short shift.
A third, who claimed to be an ex-Wrekin employee said:
"I would realy like to own this gem, to go along side my mug, pen, and umbrella. How much for buy it now?"
To which the response came: "How about a straight swap for the mug, pen and umbrella?"
ContractJournal.com asked a spokesman for Wrekin's administrator Ernst & Young if he might be interested in making a potential ВЈ11m fortune by putting in a bid himself said. вЂњNo,вЂќ he said.
Wrekin ruby saga - valuation jumped from £300,000 to £11m
Wrekin Construction empire built on ВЈ11m ruby gemstone