Quick Answer: How much does a Burma ruby cost?

To be more precise, a one-carat unheated Burma ruby can cost from $15,000 to $25,000 on average. The most expensive Burma ruby ever sold is the Sunrise Ruby, which was sold at a Swiss auction for $30 million.

How much does a Burmese ruby worth?

In general, though, Burmese rubies tend to be the most expensive among ruby varieties. The highest anyone has ever paid for a Burmese ruby has been $1 million USD per carat. However, in general, you can find high quality Burmese rubies priced around $10,000 per carat.

Are Burma rubies rare?

Burmese rubies are rarer than even diamonds. Because of their absolute rarity and high global demand, every high-quality piece is priced independently to match its worth. Burma ruby prices fluctuate steeply even in the same carat weight range because of color and clarity of the gemstone.

How much is a 1 carat ruby worth?

Ruby – Single Stone Price List

Size V. Fine Mid. Range
under 1 ct. call $300-450
1 carat size call $450-650
2 carat size call $600-800
3 carat size call $600-800

Why is a Burmese ruby so expensive?

One of the main reasons that Burmese rubies are so valuable is because of their very specific, extremely saturated colour, caused by a high chromium content in the ground from which they are extracted.

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How do you identify a Burma ruby?

The reason rubies exhibit the red color in the first place is that they contain levels of chromium. The more chromium a ruby has, the stronger and more intense its red hue. Genuine Burma rubies contain a red color called pigeon blood, which can be described as purple-red or dark pink-red.

Which country has the best rubies?

The source of the world’s finest rubies is Burma, or present-day Myanmar, and for more than 800 years the Mogok Stone Tract mine has produced the most beautiful examples, thanks to the unique geological conditions.

How much is a 10 carat Burmese ruby worth?

The “superb” 10.05-carat Burmese “Ratnaraj ruby” could sell for between $8.8 million and $12.5 million at Christie’s Hong Kong on Nov. 29. Hong Kong–A “superb” 10-carat Burmese ruby hitting the auction block in Hong Kong next month could sell for between $8.8 million and $12.5 million.

Are Burmese rubies still available?

“Today, 99 percent of Burmese rubies found on the market were extracted decades, even centuries ago.” Rubies, along with jade, blue sapphires, spinels, peridots, aquamarines and a large variety of other gemstones, are found in a rich geological arc straddled by Myanmar, Thailand, India, Pakistan and Nepal.

What color ruby is most valuable?

The Color of Ruby

The finest ruby has a pure, vibrant red to slightly purplish red color. In most markets, pure red colors command the highest prices and ruby with overtones of orange and purple are less valued. The color must be neither too dark nor too light to be considered finest quality.

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How do you tell if a ruby is real?

At a 9 on the Mohs scale, rubies aren’t easily scratched unless you use a diamond. Other gemstones and imitations are more fragile. You can scratch the surface of your ruby with a coin, and if it leaves marks, you likely have a fake. Real rubies won’t get scratched by keys or coins.

Why are Burmese rubies banned?

The global production of one of the finest, rarest gemstones is extremely limited. In addition, during the last decade, the U.S. banned the import of Burmese rubies in order to put pressure on the country’s military regime.

How much is a pigeon blood ruby worth?

The price of Pigeon Blood-Red Ruby gemstone begins from approx. $4665 per carat and can go far above depending upon the color intensity and weight.