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Ruby is an extremely popular and precious gemstone that does not need much introduction. It is a natural mineral variety of the Corundum family, which is a crystalline form of aluminium oxide (Al2O3). Also known as Manik Stone or Manikya Ratna it is known for its rich red color by the element of chromium present in it. Owing to its stunning glamour and amazing metaphysical properties, this renowned red gem not only grabs a prominent place in the Vedic astrological arena but also the immense limelight among gem lovers in international auctions.
This rich and regal red stone always commands a high price in the global gemstone market. But, there is one question that constantly bugs the gemstone connoisseurs “How much is a ruby worth?”
No doubt, it is a valuable stone, hence if you are looking forward to buying this stone, you should be aware of the determining factors that affect its cost. It is a perfect gem for investment, but, How to value ruby gemstones?
If you don't want to pay more for your gem, you should be aware of How to determine ruby price. Read this complete blog to learn which factors change the value.
Throughout history, Ruby is the most valuable precious stone and is henceforth regarded as ‘Ratnaraj’, the king of precious gems and ‘Ratnanayaka’ which denotes ‘leader of precious stones. The demand for this stone is high and so the supply chain can affect the cost to a level. It is a factor that can change anytime, though there are other factors that will always have an reaction on the Manik stone price.
The key factors that will change the Ruby value are - the origin, treatment processes, and the famous 4C’s. The 4 C’s include color, cut, clarity, and carat weight of the stone.
Explore these aspects in brief; here is the complete Ruby Stone price guide to help you get the best stone for you at the best price.
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The 4Cs are the major aspects that change the selling amount of these red gems. While buying an original ruby stone, you should keep these in mind not only for the purpose of determining the price but also for its quality. These will help you find out if the gem is of low quality of high quality.
Since rubies are one of the most durable gemstones present on the Earth, they accept all the cuttings well. This stunning red gem can be fashioned into any of your desired shapes or standard cuts. It is faceted into beautiful cuts to improve its color and clarity and make it more alluring.
Indeed, being a hard gem with a hardness of 9 on the Mohs scale, it takes a lot of practice and precision to skillfully shape it. Hence, an accurate cut with the least wastage of ruby crystal will increase the price of the gem.
Cushion and Oval shapes tend to retain the maximum weight during the cutting process, therefore they grab the highest value and are most commonly seen in the rubies clan. Cabochons are another popular cut used which is primarily used to enhance color, including stones of low clarity and to retain weight. It brings out the optical effect of asterism in rubies with certainly aligned inclusions. Among all, the step cut in Emerald Shape is considered to be the most expensive cut in this gem family. Indeed, they can be crafted in several other shapes like Heart, Octagon, Pear, and Round.
This July birthstone color ranges from pale red to dark red, sometimes with pinkish tones or blackish. Some of the shades for instance are - light pink, Pinkish Red, Purplish Pink, Purplish Red, Bright Red, Vivid Pinkish-Red, Dark and Deep Red, and Blackish Red. The ones with deep red color give them the most fascinating look. So the dark red stones with no overtones and intense saturation costs are high.
This rich color is mainly found in Burma-originated rubies and is known as Pigeon blood ruby, which is the most sought-after one. It is the most saturated, brightest, and ‘carmine’ ruby and hence got an extremely special term ‘pigeon blood’. It is basically named after the fresh blood of a pigeon, as the name suggests.
Pigeon blood rubies prices start at $10,000 per carat and have no closing borders depending on the clarity and carat size. It can go up to a million dollars per carat if the origin is Burma.
The clarity of a gem is the major factor in deciding the price of ruby stone. It basically defines the quality of the stone. The clarity indicates the number of inclusions in the gemstone.
Clarity is directly proportional to the Manik Ratan Price. As much as a gemstone is clear, it fetches more value.
The better the clarity and the fewer the inclusions, the higher the value of any gem.
Ruby, naturally is not a clear stone, it has inclusions or abrasives present in it like needle-like structures or color impurities. They form while the formation. So, the ones in which flaws are rarely visible to the naked eye cost more.
However, Manikya Stone tends to have a much better clarity than the members of the beryl mineral groups like Emeralds. However, Rubies have comparatively more inclusions than their brother gem of the corundum family i.e., Sapphires. The highest price that it fetched in an auction is $1.2 million per carat.
The gemstones are weighed in Carats. Since rubies and sapphires are quite dense, they look relatively smaller than most of the other gem of the same weight. In the 17th century, fine-quality rubies over five carats of weight were very rare. In the 19th century, larger-sized clear Manik stones were considered far rarer than Diamonds. However, by the beginning of the 21st century, even the world’s renowned gemological laboratories and gemstone websites were not recording any premium quality rubies in larger sizes.
Eventually, be it Manik or any other gemstone, the price of a gem ultimately depends upon its carat weight and clarity. If a stone is intensely clear and of large size, it certainly fetches a high price in the international gem market.
Some gemstones are pale or lighter in hue or have flaws, to improve them, treatments are done on them under expert supervision. They are heated or filled to make them more stable and beautiful. Many types of different treatment processes can be done on the gem. However, treatments make them vulnerable as well, as they can fade away or get wear & tear from quite a weak impact.
Hence, untreated and natural ruby stones are more desirable and in demand, making them valuable.
Origins affect the cost because some sources have been established in history to produce the best-quality ruby stones. The particular places have gained names, which makes the value change.
For example, Though Manikya stone is found at a number of places on the earth, Asia and Africa are the two continents that hold the pride of producing the finest quality ruby deposits in the world.
Asia hosts the majority of all the earliest deposits of this gem. In Asia, Myanmar (earlier known as Burma) is the most famous origin of Ruby rough worldwide. It grabs all the major world records of highly valued ruby stones.
Renowned as the ‘Land of Rubies’, Burma is said to be the home of the best ever ‘pigeon blood rubies’. Out of all the mines of Myanmar, Mogok is known for producing the best red-colored pigeon blood ruby with high saturation.
The second on the list come is Namya Mine, which is famous for transparent red rubies. The one from the Mong-shu mine arises with a little blackish hue in it. Burmese rubies generally start from $300 per carat and go up to $1,00,000 per carat.
Ruby is also found in other eastern localities of Asia such as Afghanistan, Sri Lanka, Thailand, Vietnam, Cambodia, India, Tajikistan, and Pakistan. Today you have endless options to compare ruby costs online. The price of all these origins may differ depending upon their specific quality.
In terms of quality, Thailand and Cambodia Rubies rank second in Asia. It begins at $20 per carat and goes as high as $10,000 per carat according to the rich color, profound clarity, cut, and carat weight. Following the next on the list of are Vietnam rubies, which cost you in between $20 per carat to $5,000 per carat. Later on the list are Tajikistan and Indian Manik stones that range from $20 per carat to $2,000 per carat.
Since the 20th and 21st centuries, Africa has been a new host of premium quality rubies in the lane. Madagascar, Mozambique, Kenya, Tanzania, and Malawi are the main sources of Ruby rough in Africa. Mozambique Rubies are the second most desired variety of Manikya gemstones.
In the international market, it starts from $50 per carat and reaches up to $20,000 per carat.
Madagascar Rubies are the next most prized and preferred choice in the clan that costs from $50 per carat to $5,000 per carat. There also arise Winza Rubies that come from Kenya and Tanzania regions. They range from $50 to $5,000 per carat. Last on the list is Malawi Rubies that are originated from Zambia and cost similar to Kenyan or Tanzania Rubies.
NOTE - Among all the types and origins, Untreated Pigeon blood Manik of Burma origin fetchs the highest price in the ruby segment. To ensure the original quality, always ask for a certificate of authenticity while buying any gemstone.
In order to avail best and premium quality Ruby Stone Online, visit a trusted gem store in your local market or explore a reliable gemstone website like Navratan, the online gem Bazar. Here, you will get the widest variety of all origins rubies in all shapes, colors, shapes, and sizes along with an authenticity certificate from the renowned gemstone laboratories at the most reasonable price segment.
So, if you are also interested in 100% original Manik stone, connect with us and avail worldwide shipping facility together with an easy return option for 10 days. Have an ultimate shopping experience and get the best cost of ruby in India.
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