Date: 1/6/2005 126:29 AM
Author: raddygast
I would like to say one thing that I have experienced personally in my search for a non-diamond engagement stone.
Spinels are not cheap.
Well, of course they are cheap compared to diamonds. And yes, they are cheap when looking at ''comparable rubies.'' I think those are both true statements that I sensed from the outset. What I did not know was just how damn expensive a ''comparable ruby'' could actually get. Do you know... a truly amazing ruby can cost much more per carat than a very good quality diamond?
But the more research I did, the more I felt that these gems justify their price. They are truly rare. Ruby has a somewhat easier time due to all the historical mystique associated with it over the years in various cultures (same with emeralds and to a lesser extent sapphire).
Spinel, historically, has been both an accidental ruby-impostor and a ruby substitute. They are so similar in terms of their look and where they are found (in many of the same deposits) and indeed in chemical structure that they have been mistaken for awesome rubies for centuries.
But here''s the problem. The ruby market has been mutated by the existence of treatments that effect two changes in the public''s perception:
1) People think that a truly beautiful ''red-red-red'' stone is the only way to go, whereas in the past you didn''t expect to possibly afford one unless you were an oil tycoon or royalty.
2) People now have unfair expectations of other red stones (like spinel).
The fact is, a LOT of ruby is being churned out that would look absolutely horrible (murky, purplish-bluish core) in the market if left untreated, but *with* treatment, is perfectly saleable and in many cases highly beautiful and desirable. But with spinel, this just isn''t possible.
For spinel, what you see is what you get out of the ground. So I will give you two pieces of advice:
1) Try to appreciate the beauty of a spinel independently of what you would expect of a ruby
2) If you truly want a super-duper-red spinel of crazy vivid saturation, please expect to pay a lot.
Yeah, it won''t cost you as much as an equivalent ruby. But an ''equivalent'' ruby (a.k.a. with the same amazing color parameters, clarity, and natural untreated origin) could cost something like $75,000 depending on your taste. Even if a spinel cost 1/10th of that, it isn''t free!
True (beautiful) red spinels often (and maybe even typically) cost more per carat than your basic high quality treated blue sapphire. The absolutely top fine red spinels may even cost more than an untreated blue sapphire (but never more than the equivalent ruby).
That said, spinel has so much ''underdog'' mystique associated with it that I never gave up hope in my own search. I love the idea of a truly untreated gem that looks so awesome and is so rare in its own right that you might even say that it is rarer than ruby (certainly rarer than treated ruby).