Are rubies worth money?

How do you know a ruby is genuine?

Tell by the color and the shine. 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.

Do rubies depreciate?

Though gemstones are not as liquid as gold, a high quality Burmese ruby or Ceylon sapphire will always retain its value. … Fine unheated Burmese rubies in larger sizes draw prices as high as $300,000 to $400,000 a carat at auction. Vivid red — a color known in the trade as pigeon's blood — is the most valuable color.

What is the most expensive cut of ruby?

April 2016 a 15.99ct oval-cut Burmese ruby ring, made by Verdura, sold for $14.16 million at Christie's New York. It set a record as the most expensive colored gemstone ever sold at a US jewelry auction. It is also known as the Jubilee Ruby. The ruby, orignated from Mogok in Myanmar, Burma.

Which gem is the most valuable?

1. Blue Diamond. The stunning blue diamond is arguably the most prized of all precious gemstones. A flawless example is so rare that whenever one comes to auction it causes a huge stir in the jewelry world.

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