Natural Diamond Prices – November 2024
At PriceScope, we remain committed to delivering timely and insightful updates on the diamond market’s latest trends. Our expert analysis focuses on the economic and social changes that shape consumer…
It’s the month of July and what better way to celebrate the month than with a write-up on July’s birthstone, ruby. Did You Know? A ruby in any other color would be considered a sapphire. How? Sapphires are corundum and when they appear red, a dark purplish red, a blue red, or pinkish-red they are considered a ruby. To learn everything you need to know about ruby, view our favorite red carpet ruby jewelry looks, and shop ruby jewelry, keep reading:
Ruby is positioned at a 9 on the Mohs Scale of Mineral Hardness. Therefore, ruby is considered to be a very strong gemstone. Ruby can be used in everyday jewelry such as engagement rings, right-hand rings, pendant necklaces, and bracelets.
The price of a ruby is determined by the 4Cs – Color, Cut, Clarity, and Carat-weight. The clearer a ruby is the more valuable it is. Due to the scarcity of rubies, they’re considered to be quite expensive. If you’re shopping for a ruby with a tight budget, you may want to consider an included ruby or alternatively a lab-grown ruby. Did You Know? The inception of lab-grown rubies dates as far back as the 1940s and has been highly accepted by society just as lab-grown diamonds are now.
Fun Fact: Ruby is considered one of the cardinal gems. Cardinal gems are gemstones that have traditionally been considered precious above all others. Other cardinal gemstones include diamond (of course), emerald, sapphire, and amethyst. So what exactly differentiates cardinal gemstones from the rest? Since ancient times, the rarity and ceremonial or religious usage of the cardinal gemstones have primarily defined how they are classified. |
A Pigeon Ruby. A pigeon ruby is described as a dark red ruby with a hint of blue.
Rubies are often mined in Myanmar, Sri Lanka, Madagascar, and Thailand. However, it is interesting to note that rubies have recently been discovered in Greenland.
Rubies symbolize power and protection.
Pink sapphires, spinel, and tourmaline in a ruby color.
The Liberty Bell Ruby | The DeLong Star Ruby |
The Liberty Bell Ruby, which was discovered in east Africa in the 1950s, is the biggest ruby ever mined. It has an approximate weight of four pounds, carat weight of 8,500, and is shaped like a miniature version of the Liberty Bell. It contains fifty diamonds embedded in it. | The DeLong Star Ruby is a deep red ruby with a 6-rayed star and a carat weight of 100.32. |
The Hope Ruby | The Hixon Ruby |
The Hope Ruby is a Chaumet cushion-shaped Burmese ruby and diamond ring once owned by American-born billionaire Lily Safra. | Frederick Hixon donated this 196.10-carat diamond to the Natural History Museum of Los Angeles. It remains one of the finest crystals of Burmese ruby ever discovered. |
Elizabeth Taylor wearing The Cartier Ruby Suite gifted to her by Mike Todd in 1957. | Rihanna wearing Chopard at the 2014 Diamond Ball. |
Oval Ruby and Diamond Earrings in 14k White Gold at Blue Nile |
Ruby and Diamond Graduated Eternity Necklace in 18k White Gold at Blue Nile |
Oval Ruby and Round Diamond Bracelet in 14k White Gold at Blue Nile |
14K White Gold Diamond and Ruby Engagement Ring Setting at Adiamor | |
Are you a July baby? (like me) Do you own a natural and, or lab-grown ruby? Are there any interesting educational facts about ruby that we have not covered? If so, drop your responses in the comments section below.
Written by Bianca Mac Donald
Retail Diamond Prices Chart Updated Monthly.
At PriceScope, we remain committed to delivering timely and insightful updates on the diamond market’s latest trends. Our expert analysis focuses on the economic and social changes that shape consumer…
The holiday season is upon us, and the shopping has already begun. If you want to buy jewelry for gifting your loved ones, we are here to help! We’ve put…
Whether you are in the market or know someone who is (or will be), you should know how game-changing online shopping has become. In today’s digital age, purchasing an engagement…
Want to stay updated on the most recent blogs, forum posts, and educational articles? Sign up for Bling News, PriceScope’s weekly newsletter.