How Much Does a Ruby Cost?
Ruby, the birth stone of July, is one of the popular and most precious gems. This gem most often has a deep-red color and is believed to represent power and importance. The deep-red color can be attributed to the high amounts of chromium found in the gem stone. Also, this gem stone is a lineup of the most precious stone which includes the sapphire, emerald, and diamond. A ruby can be bought in jewelry shops as earrings, rings and necklaces.
How much does it cost?
- Depending on the size, cut, and other factors, most natural rubies are going to be between $500 and $5,000 per carat. However, these prices can be much higher for rare colors, etc. Synthetic, human-made rubies can be found for less than $100.
- According to Gemsociety.org, rubies differ in price depending on its origin, color, size, and clarity. A ruby can range form $100 to $15,000/ct maximum.
- On Collectorfinejewelry.com, you can read about different facts of rubies that can help you on choosing the right gem for you. They have also listed the highest price paid for a ruby that reached to $2.2 million for an 8.01-ct faceted stone.
- You can choose from a variety of rubies from online retailers such as Gemfix.com. One of their offers is a Ruby Oval Mixed Cut which is unheated and weighs 1.65 cts that sells for $3,900.
What is going to be included?
- If you are buying a ruby, the only thing to expect is the ruby you ordered. It should match the cut you chose, the size, weight, clarity and color. If it is heated, the price will be less compared to unaltered genuine stones.
- Common cuts of the ruby can include square, emerald, a pear shape, oval, heart, round mix, princess and emerald.
- Many natural rubies originate from places such as Sri Lanka and Burma.
- The most common colors can include red, dark red, a light pinkish and a pinkish/red.
What are the extra costs?
- If you purchase a piece of jewelry that contains a ruby, you need to consider the cost of the other element as well. The prices listed above are for the stone only.
- There are no other extra costs when you buy a gem. What you see is what you get. However, the shipping fee may be the only consideration to think about.
- If you want to customize the gem, it may cost you a extra. Customizations can include fitting a gem in a necklace, ring, etc.
Factors that influence the price:
- Color. This is the most important consideration when choosing a ruby and naming its price. Rubies of an intense, rich crimson are highly valued as compared to those that are too light or too dark. A perfect colored ruby should be obviously red when seen in a room.
- Carats. This is the measurement of the weight or size of the gemstone. With most jewelry, the higher the carat, the higher the price is going to be.
- Cut. This refers to how the gemstone is trimmed to bring out its natural color. Rare cuts are more expensive like the round shaped rubies. More common shapes are the oval, pear, heart, or cushion. Well trimmed stones have a higher value than those that are poorly cut.
- Clarity. Clarity means the transparency of the gem. A more expensive ruby does not have many inclusions in it and should be eye-clean.
- Setting. If you are purchasing a piece of jewelry that contains a ruby, you will have to consider the cost of the other materials involved. For example, a ruby in a simple setting hanging from a sterling silver necklace will be much cheaper than a ruby in a setting accompanied by diamonds in a platinum ring.
Tips to know:
- If choosing a ruby stone, view it with an incandescent light or in the daylight to view its natural colors. Usually, fluorescent lights cause the stones to appear grayish.
- Do not consider the rubies that have too many inclusions because this will make the ruby look grayish.
- Untreated ruby stones give off their natural color and depth so opt for untreated gems rather than the heat treated ones.
- Red traffic light colored rubies are the finest rubies. If you have options, look for this kind of color and you will be guaranteed of the finest rubies.
- Be careful when you visit a jeweler. Since the average person does not know that much information about rubies, he may try to sell you a ruby for much more than its actual worth. Do a lot of research and price comparison before you buy a ruby.
How can I save money?
- If you want a beautiful gem, you must be ready to invest your money. However, you can still get a ruby for less if you buy synthetic ones.
- You can get discounts if the ruby has uneven cuts, has many inclusion or the color is too light or too deep.