News about weird and bizarre happenings from around the world.

Friday, 2 October 2009

Failed Firm's Fabled £11m Ruby 'Worthless'

Experts say a large ruby whose £11m valuation once underpinned the finances of a failed construction company may be worth as little as £100.

The Gem of Tanzania, which weighs two kilos, was listed as the main asset of Midlands firm Wrekin Construction.

But now downgraded to the status of a mere paperweight, it is being auctioned off alongside desks, chairs and computers from the failed company.

Read more here.

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