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As we discussed in our last blog, the ruby pricing guide one, the value of a Manik gemstone depends on the 4Cs, origins and treatment processes done on it. We discussed how the 4Cs affect the ruby price in brief in guide 1, and in this part, we will discuss how the source of the rubies and the treatments affect the ruby stone price.
This is Ruby Pricing Guide part ii. Manik is a beautiful gemstone, a valuable and precious stone that is known for its powers and mystical beauty. Due to its regular demand and popularity, it is quite expensive. Treatments are done on the gem to increase its quality, and some of the origins of ruby are known in history for producing good quality gems.
Let's discuss both of these price determining factors.
Does origin affect the price of a ruby stone? Many people think that the source of the gemstone have nothing to do with the Manik stone price. However, the answer to this question is Yes. Yes, the ruby stone price is affected by the origin of the gem. This is because some sources are known in history for producing good-quality gemstones.
Even the types of ruby gemstones are classified based on the sources. The name is given based on the origin of the gem found at. Let's discuss the ruby stone types as per origin and their price range:
Africa is a primary source of rubies that are known to produce some good quality gems. Madagascar and Mozambique are the major producers in the African region. The Manik stones found here are known for their vibrant colours and high quality. Although they can be found in a diverse range of quality and colour.
They are found in orangish red, pinkish red, as well as dark, deep red colors. Mostly, these rubies are treated, so the untreated ones command higher prices.
African Rubies Price Range - INR 1000 to 50,000 per carat & above
Madagascar rubies vary widely in both colour and quality. They are mostly found in red and pinkish hues, while sometimes purplish hues are also seen. These stones are known to have better quality, though, relative to the other sources.
Price Range - INR 2000 to 70,000 per carat
Mozambique is one of the most well-known sources of rubies. The gems found here are of deep, vivid red colour and pigeon blood red colour, which are the most in-demand colours for ruby. Mozambique mines are more recent mines discovered in the 21st century, but they have become the commercial locations for sourcing these red gemstones.
Mozambique ruby is also known to produce some of these high-quality red stones.
Mozambique Ruby Price Range - INR 20,000 to 5 lakhs per carat.
Even the basic quality of Mozambique rubies ranges between INR 20 to 30,000 per carat.
Burma ruby is the infamous source of ruby gemstones. The best and most famous, as well as the most expensive rubies in the world, are Burmese rubies. Mogok Mines in Burma produces the best and most premium quality Manik stones. These gems have exceptional colour, the most in-demand, the pigeon blood red.
The intensity, the tone and the glowing appearance of the gem make it highly desirable and, hence, highly valuable.
Burmese Ruby Price Range:-
Basic Quality - INR 20,000 to 30,000 per carat
Premium Quality - INR 5 Lakhs per carat & above
Sri Lanka is the major source of ruby stones, which is known in history for producing some of the finest rubies as well as sapphires. Ceylon ruby stones are highly loved for their bright red hue and shine, as well as their premium quality. The bright red is said to symbolize the fiery spirit of life and vigourness.
Sri Lankan Ruby Price Range - INR 30,000 to 5,00,000 per carat
Tanzania deposits are mainly located in the mountains of Mozambique and Zambia, which are regions of East Africa. The very first deposits were said to be found in the southern areas though in the early 1990s. Some experts consider that the Tanzania rubies are very rare, rarer than diamonds, and since some of these Manik gems are of excellent quality and fine color, they can be as beautiful as the Burma rubies.
Tanzania Ruby Price Range - INR 1000 to 2 Lakhs per carat
Thailand have been once the main marketer of the gemstones, and it still is, but now the mines here are said to be depleting. Thai rubies are known for their great clarity. However, these stones have less fluorescence. They are generally found in average to premium quality.
Thailand is the capital of rubies, though, and is the major centre for the cutting, polishing and trading of different types of Manik stones.
Thailand Ruby Price Range - INR 40,000 to 90,000 per carat
Vietnamese rubies are known for their vibrant scarlet and deep red hues. Pigeon blood ruby stones are also found here in the country’s abundant mineral deposits. The primary source is the Luc Yen Area, which has been known for several decades for producing high-quality rubies. The gems found here are mostly of good clarity with a clear surface and no visible inclusions or very few inclusions.
The value of the gems depends on the size and colors mostly, but those with fewer flaws are sold at INR 3 to 8 lakhs per carat.
The treatment processes are done on gemstones to enhance their clarity and color. The low-quality gemstones that are treated will cost less since there is always demand for natural gems of good quality in the market.
Untreated gemstones carry premium demands and, so they are more costly than the treated ones. There are a number of treatments that can be done on a gemstone. Read them all here - Ruby Treatments - What Are They & Why Are They Done?
All the factors we have mentioned affects the price range but how to make sure that you are buying an original gemstone. How to tell if your ruby is real or fake?
The best way to ensure authenticity is through Lab certification. In today's market, all the reputable sellers provide a lab certification with the gemstones. This lab-certification contains all the details of the gemstone, including its source or origin, color, cut, and carat weight. These details will also help you make an estimation of how much worth your ruby is.
If a seller is not providing you with a lab certificate proving the originality of the gem, then you should buy a gem from that seller. Also, ensure that the certificate is from a reputable and recognized laboratory.
Here is a lab certificate showing all the details of a Manik gemstone at Navratan, the online gem bazaar, where you will get genuine and real gems only.
Manik gemstones are precious stones, and their value depends on the quality of the gemstone. There are a number of factors that contribute to how the ruby price is determined. We have brought you the complete guide for you so that you can make an informed decision and get the perfect stone for yourself at the best price. We have mentioned all the details to answer the question - How Can I Determine Ruby Price? Still, if you need expert advice, connect with our experts at Navratan now and get a free consultation.
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