Interesting auction price

[Autumn in New England]

You can see the future through the window of the first one.

 

[Avondale]

My ruby is over 4 ct, unheated fr Burma and comes with a respectable amount of diamonds.

Over a million! Over a million, I'm telling ya!

We all may be “arm chair critics”

Some people here have rubies much nicer than this one. The arm chair critiquing is justified.

I just hope whoever bought it doesn’t happen to come by this thread.

 

[VividRed]

Basically, a person with a whole lotta spending cash but very little gem knowledge was ill-advised and cajoled into buying a highly unremarkable ruby. The one positive thing I can say about it is that the clarity is fantastic. But that often comes along with lousy color. Also, the size isn't even impressive! I could understand if it were like 10ct., for example. Mine is 3.12ct.

These are my thoughts exactly

 

[Crimson]

Which lab is it certified by currently?

Long story. I bought it during COVID, so it has a cert from Nan Yang Gem lab, which is a reputable and strict lab in Singapore. The founder is very experienced, no-nonsense and “tells it like it is”. He does the work himself. I trust this lab. I don’t want to mail my ring to a gem lab in another country nor would I travel with it. So that’s it for now.

 

[Nick_G]

This ruby is a bit on the dark side:

 

[Autumn in New England]

I just hope whoever bought it doesn’t happen to come by this thread.

I considered that too. Let's hope the person is too busy lighting cigars with hundred dollar bills to notice us.

 

[Autumn in New England]

Long story. I bought it during COVID, so it has a cert from Nan Yang Gem lab, which is a reputable and strict lab in Singapore. The founder is very experienced, no-nonsense and “tells it like it is”. He does the work himself. I trust this lab. I don’t want to mail my ring to a gem lab in another country nor would I travel with it. So that’s it for now.

Can't say that I blame you! I recently shipped my padparadscha to David Klass, and held my breath for 2 days. I could not insure it for full price on my end during transit, but he is able to put high value items under his own policy. Regardless, I could never repurchase it for what I paid, if I could even find something similar. Same with my ruby... when it comes time to ship it off, I'll weep. She may not be $650k, but she's the most valuable stone I own and probably my favorite. I really wanted Inken to do that one, because she's awesome and also so close by (I could drive it there in an afternoon), but she's quite busy setting her own stones. Anyway! I totally understand your dilemma.

 

[Dr_Diesel]

Basically, a person with a whole lotta spending cash but very little gem knowledge was ill-advised and cajoled into buying a highly unremarkable ruby. The one positive thing I can say about it is that the clarity is fantastic. But that often comes along with lousy color. Also, the size isn't even impressive! I could understand if it were like 10ct., for example. Mine is 3.12ct.

It is more than likely the seller buying back his/her own goods to inflate perceived value.

 

[Autumn in New England]

It is more than likely the seller buying back his/her own goods to inflate perceived value.

Then I suppose we should thank him/her, since it raises the value of all of our rubies!

 

[Crimson]

It is more than likely the seller buying back his/her own goods to inflate perceived value.

Haha, maybe! @Dr_Diesel, hope you are safe and well. The earthquake in Bangkok looks quite severe.

 

[Crimson]

Can't say that I blame you! I recently shipped my padparadscha to David Klass, and held my breath for 2 days. I could not insure it for full price on my end during transit, but he is able to put high value items under his own policy. Regardless, I could never repurchase it for what I paid, if I could even find something similar. Same with my ruby... when it comes time to ship it off, I'll weep. She may not be $650k, but she's the most valuable stone I own and probably my favorite. I really wanted Inken to do that one, because she's awesome and also so close by (I could drive it there in an afternoon), but she's quite busy setting her own stones. Anyway! I totally understand your dilemma.

Thanks, yes, exactly! Hard to replace even if we get compensated, not to mention the tachycardia! So in the vault it stays.

 

[toomuchB]

It is more than likely the seller buying back his/her own goods to inflate perceived value.

This is what I was suggesting as a possibility in my OP, I was just unsure on how to word it as well as you did.
I recently read a post on PS providing some insight on how this works, but couldn't find it.

 

[Avondale]

This is what I was suggesting as a possibility in my OP, I was just unsure on how to word it as well as you did.
I recently read a post on PS providing some insight on how this works, but couldn't find it.

It's this one, I believe: https://www.pricescope.com/community/threads/insights-into-ruby-prices.288528/post-5398938

@Dr_Diesel, hope you are safe and well. The earthquake in Bangkok looks quite severe.

Got hold of him on insta, thankfully alive and well.

It was pretty severe, current estimation puts it above 8, I believe. I hear both Thailand and Myanmar have declared a state of emergency.

 

[toomuchB]

It's this one, I believe: https://www.pricescope.com/community/threads/insights-into-ruby-prices.288528/post-5398938

Yes, thanks for linking it!

 

[Crimson]

Oh phew, thank you @Avondale. I’ve been hearing from my friends in Burma, Thailand and Vietnam. My friends are safe, but there are many casualties and collapsed houses in Myanmar. Awfully sad.

 

[Dr_Diesel]

Things are still weird out here. More tremors today and this government building is sinking on one side and lifting on the other.

More buildings are being evacuated today.