Are Burmese rubies valuable?
Burma Ruby is the rarest and most valuable member of the corundum family. Colors range from pink red ruby to a vivid pigeon blood red that is regarded as the finest color for ruby. Prized for their beauty, durability, and rarity, it is the quality of the color which most determines the value of rubies.
How much is a 1 carat ruby worth?
Ruby – Single Stone Price List
|Size||V. Fine||Mid. Range|
|under 1 ct.||call||$300-450|
|1 carat size||call||$450-650|
|2 carat size||call||$600-800|
|3 carat size||call||$600-800|
How can you tell a real Burmese ruby?
Real rubies glow with a deep, vivid, almost “stoplight” red. Fake gems are often dull: they are “light, but not bright.” If the gem is more of a dark red, then it may be garnet instead of a ruby. If it is a real ruby, however, know that darker stones are usually worth more than lighter stones.
Why are Burmese rubies so valuable?
One of the main reasons that Burmese rubies are so valuable is because of their very specific, extremely saturated colour, caused by a high chromium content in the ground from which they are extracted.
Why are Burmese rubies so expensive?
Why are Burmese rubies banned?
The global production of one of the finest, rarest gemstones is extremely limited. In addition, during the last decade, the U.S. banned the import of Burmese rubies in order to put pressure on the country’s military regime.
What’s the most expensive ruby?
Sold for $14,165,000 in 2016 The Jubilee Ruby, weighing 15.99 carats, is the most expensive coloured gemstone ever sold at auction in the United States. Set in a distinctive gold and diamond mounting by Verdura, it sold for $14.2 million, which equates to $885,000 per carat.
Why is there a ban on Burmese rubies?
What is the average cost of a ruby?
Ruby Value Maximum: Over $100K per carat Clean, Top-Color Retail: $1,000 USD – $3,000 USD per carat (where total size is 0.5 – 1 carat) Valuation Criteria: The 4 C’s: Color, Clarity, Cut and Carat weight all have major impact on the value of a Ruby
What is a Burmese ruby?
Burma rubies, also known as Burmese rubies, are the most preferred type of ruby, due to their coloring. Despite its name, this type of ruby doesn’t have to actually come from Burma, although most of them do. Like diamonds, rubies are now more commonly created in laboratories and can be misidentified when looking at another stone with the same color.
How big is a ruby carat?
One carat of ruby is one fifth of a gram. One cubic centimetre of ruby weighs 4.05 grams. So one cubic centimete of ruby is equivalent to 20.25 carats.