Rubies are red gemstones which many people across the globe have developed an interest in for many years now. To the point, what goes into the computation of ruby gemstone value. As we go ahead in this article, it will unveil major facets that define the worth of ruby so that anyone in the market for purchasing or selling the ruby is well prepared to make sound decisions.
What Determines the Ruby Gemstone Value?
However, when evaluating the ruby gemstone value, it is important to understand that quite a number of factors are considered. Here are the most crucial aspects that influence the price:
1. Color
Of all the factors that define the price of the gemstone, the hue of a ruby is considered the most valuable. The best specimen rubies have a bright deep red color and such stones are referred to as pigeon’s blood red. This color is the richest one. Those stones which have more quantity of purple, orange or pink content are regarded as less valuable.
2. Carat Weight
Carat weight is another standard and feature that holds much importance for the ruby gemstone value and again, similar to the case with diamonds, their size alone determines the increase in their value, the larger the ruby the more they are worth. However, there is not a direct correlation between the size and the price of the ruby, the larger the stone, the better its color and clarity are, the higher it can be in price compared with the size of the stone.
3. Origin
Another factor about the ruby is that the origin of the gemstone may be influential to its price. That is why, rubies from specific geographic locations like Myanmar (Burma) are more expensive than those from other regions due to the superior quality. The Burmese rubies are very popular in the gemstone market especially those with the pigeon blood color. Other sources with rubies include Thailand, Sri Lanka and more recently Mozambique and each one contributes different qualities to the stone.
4. Treatment
A lot of rubies in the current market requires some sort of treatment to either intensify the color or the clarity. Other treatments are heat treatment that enhances the color of the stone and others that aim at filling the cracks known as fracture-filling. Nonetheless, even if the rubies have been treated they can still look and be tasty but customers always prefer untreated rubies and hence they cost more in the market.
How Evaluate the Ruby Gemstone Value Yourself
If you are planning to buy a ruby gemstone or thinking of selling one then it is mandatory that you know how to assess the ruby gemstone value correctly. Here are a few tips:
Get a Gemstone Certification: You should always ask for certification from the Institute, for instance GIA. This certification will offer details of the color, clarity and the cut of the precious stone plus whether it has undergone any treatment or not.
Compare Prices: The current market prices of such rubies must be looked into. This will be beneficial to you in terms of knowing the best ruby gemstone prices that you can work with.
Consult with an Expert: So, in case you doubt the value of a ruby, you need to contact a certified gemologist who will be able to evaluate the price of the gemstone correctly.
Investment Potential of Rubies
Since ancient times, rubies have been considered a luxury gemstone and are commonly used in jewels as well as for saving. Gemstones and shapes or fancy like rubies have an on-going demand in the market hence in the long-run their prices are expected to rise. While diamonds might be the first to be associated with investing in gems, it is obvious that ruby comes second best when it comes to investment in the long run.
In the recent past there has been good appreciation in the price of fine rubies and especially those which have not been treated and are Burmese. If you are seeking a physical asset, perhaps it is wise to start investing in rubies as long as the color, clarity, as well as the origin of the stone is considered outstanding.
Conclusion
To sum it up, the ruby gemstone value highly depends on its color, clarity, cut, carat weight, origin, and if the stone has been treated or not. It is important to look at the quality of the rubies, because for instance, even though the larger rubies may not be scarce they could be small rubies that have not undergone any enhancement and have a desirable red hue. So in case you are purchasing a ruby to incorporate it into an engagement ring, or personal adornments, or as an investment, it is important to know what determines the price of the gem.
