Ruby is a common name in the world of precious gemstones; it is one that belongs to the corundum family. It appears in a deep pink or blood red color. Its name is derived from the Latin word “Rubrum” which means red.
Typically, the price of rubies varies per carat. However, Burmese rubies are considered as the most expensive ones due to their color and quality. Besides, large gem quality rubies can be more valuable when compared to similar sized diamonds and are also rare.
Rubies have been well-liked by people since time immemorial because of their attractive color and beauty. People also consider them as a daily wear option as they are exceptionally durable. No other gems are subjected to treatment as much as rubies are.
Generally, the price of rubies goes up as the color gets darker. In the same way, the clarity of the stone also influences the cost. The clearer the tone of the ruby gem, the higher the price. Also, Rubies treated with heat are generally considered cheap while naturally occurring rubies are expensive. In most cases, rubies undergo a ‘native cut’ in the country they belong to. In certain exceptional circumstances, these native cuts are recut to custom proportions regardless of the loss of weight and diameter specifications. This, in turn, increases the cost of rubies.
The prices of rubies vary according to the country of origin as well. For instance, local rubies, which are not very transparent and appear opaque and dark are one of the cheapest per carat. At the same time, Burmese rubies are the most precious ones. They have a unique shape and are deep red.
Afghan rubies are impressive too appearing in an array of shades from light red to dark red.
Africa, Tanzania and Mozambique have ruby mines of their own. Tanzanian rubies are of high quality and are hard in terms of texture. Mozambique rubies are very dark in color but are also transparent, which makes them more expensive with a higher price.