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How Much is My Ruby Worth?

How Much is My Ruby Worth? Featured Image

Rubies are highly prized for their deep red color and among the most valuable of all colored gemstones.

If you would like to sell a ruby ring or other item of ruby jewelry, the first question on your mind is likely, “How much is my ruby worth?” There are various factors which impact the value of a ruby, and we will cover each one in this article on appraising the value of a ruby gemstone.

However, you can begin now and learn your ruby jewelry’s worth by contacting Diamond Estate now for a verbal market apparisal and cash offer.

As an A+ BBB rated ruby jewelry buyer with thousands of satisfied clients nationwide, you can be confident that our ruby emerald appraisals and cash offers are higher than other jewelry buyers. We specialize in ruby jewelry from luxury brands such as Tiffany & Co., Van Cleef & Arpels, Cartier, and Harry Winston.

Call (800) 956-8505 for a Free Quote

Text Message: (858) 412-7783

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Real Reviews From Customers


We had a 14 carat diamond and were nervous of mailing it out of state. We were reassured from the beginning of the easy process, but we decided to fly out to California to meet the read more people at Diamond Estate. From the very beginning we were met with professionalism and treated very well. After given a reasonable quote, we decided to get a GIA certificate for the diamond just to be sure what it was. Jackie drove us all over the place to different jewelers to look at it as well as the GIA lab. She spent a whole day making us feel at ease. Jackie took us around fully knowing that we could go with other people’s offers and still chauffeured us to each place. In the end we found exactly what we are looking for with the Help of Carl and Jackie. Great experience for 2 girls from Colorado. I would recommend them to anyone.

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Melissa E.

Yelp

Absolutely seamless sale of a two tone Rolex Submariner. The buy bid was honored, no changing of bid after receiving the watch. As far as I am concerned this is the only place to sell read more your jewelry and watches. Paula was super professional and easy to do business with. I was a little apprehensive, but after reading all of the reviews, I felt confident, and so should you.

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Richard L.

Yelp

After reading many of the reviews about Diamond Estate on the internet, I decided to take the plunge and contact them about a vintage Rolex watch that belonged to my father and had read more been tucked away for about 40 years. They responded immediately and walked me through a very simple process to evaluate the watch and arrive at a fair price. The entire transaction was very positive, and I am really glad I discovered this company. I would definitely recommend them and will certainly do business with them in the future if I have any other items of value to sell.

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Eileen D.

Yelp

Carl is a very straight forward and honest businessman. I sent him some pictures and chatted on the phone with him for a few minutes, and then he offered me a very fair price. I was read more a little hesitant at first as I am not in the jewelry business and the idea of sending my jewelry across the country via mail was a little worrisome. However, this couldn't have gone more easily - he received the ring and paid me what he said he would the next day. Great experience and great business.

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Jeremy D.

Yelp

Fastest and most honest experience by far. I tried selling my old wedding ring with other jewelry buyers last year but the process was so confusing and extensive I gave up. I found read more these guys and a few other sites online last weekend and decided to give it another shot. Carl and his team purchased my ring, received my shipment and sent the money (which was the highest and only definitive offer out of anyone) to my account all in less than 4 business days. The communication was thorough, timely, and responsive every step of the way.

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Jevonte K.

Yelp

I reached out to Diamond Estate Jewelry Buyers to sell my husband’s Rolex. Lori was very nice, knowledgeable, & inspired trust. Most importantly to me, there was absolutely no pressure read more to proceed—I felt very comfortable with the pace of the process. Lori gave me an estimated range of what the watch would be worth, subject to adjustment based on their appraisal once their buyer was able to examine it. She provided all details and the Fed Ex labels for shipping the watch—it was not hard and I was fully confident it would go without a snag. Lori called to let me know as soon as the watch arrived. The next day it was appraised by their buyer and Lori called to let me know the adjusted price. They dealt fairly with me, so I accepted and wire transfer was made same day to my bank account. Nicely done, Lori!

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Renee R.

Google

It was a pleasure working with owner Carl Blackburn. He bought a diamond from me and the process went as smooth as I could have ever imagined. I contacted his company via the website, read more sending him the diamond's specifics. He quickly returned with an offer. He then sent a FedEx Overnight label via email. The diamond was in his office the very next day and he immediately contacted me saying he needed a few hours to evaluate my diamond. Then he called me. We talked about the qualities of my diamond. Carl was very honest and kind. I agreed with his evaluation and he wired me the money. It was in my bank the very next day! I highly recommend.

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P.C.

Yelp

I had a timepiece that I was looking to sell and searched high and low to find a reputable dealer to appraise the piece and would offer a fair price. I came Diamond Estate Jewelry Buyers read more online. At first I was hesitant to try an online service for this type of transaction but let me tell you, they were great. Paula helped me through the process and just as their website describes, it is a safe and secure method for this type transaction. It was a very smooth, seamless transaction…and the price was fair. I hope this review will allay any concerns people may have. I was hesitant at first, but now they will be my go-to people for this type of service in the future. Thanks again Paula for great customer-centric service.

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John H.

Yelp

Paula was so great to work with! Very professional, and they offered the best price for my Rolex GMT II (over 2 other watch companies that buy used time pieces). No bait and switch read more here—take good photos of what you are selling and give them as much detail as you can so they can offer you the correct amount to start with. No surprises. They paid exactly what I was offered. Great experience. I wouldn’t hesitate to recommend their services to anyone. Thank you!

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Kyle N.

Google

I sold a diamond engagement ring and a wedding ring. Paula was exceptional to work with. She answered all of my questions and assuaged any concerns that I had. I know the price I got read more was fair, as I had a prior gemologist look at the rings, but I was not comfortable dealing with that outfit for reasons other than the price. I am comfortable with my decision to sell, and I know I got the best offer I could get at this time. I highly recommend Diamond Estate Jewelry Buyers. Thank you, Paula, for all the time you spent with me. You have immense patience and empathy.

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Barbara M.

Yelp

Rubies have always been highly prized for their deep red color, and are consistently the most valuable of all the colored gemstones. Rubies are the red variety of the mineral corundum, which in its most pure state is colorless. Trace amounts of the element chromium are responsible for making the corundum crystal red, and slight variations in the amount of chromium can cause tremendous variation in the stone’s color. All other colors of corundum are sapphires.

Rubies are generally evaluated by the same criteria that diamonds are judged, the famous “Four Cs”: color, clarity, cut, and carat. Though all of these categories affect the value of any particular ruby, color is by far the most important.

 

How Ruby Color Affects Value

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A Ruby and Diamond Ring Recently Purchased by Diamond Estate

The finest rubies exhibit a pure red to slightly purplish red color, and have vivid color saturation. Colors that run toward orangey or purplish move down the scale in terms of quality. The color of the ruby should be neither too dark nor too light. A ruby that is too dark will not appear significantly bright, and a ruby that is too light will most likely be considered a pink sapphire.

The quality of a ruby’s color is not a simple thing to judge. The GIA Laboratory uses a set of master stones for color comparisons under carefully controlled lighting conditions to grade a stone’s color.

A ruby that is too light will likely be considered a pink sapphire.

The dominant hue must be red for a stone to be considered a ruby—all other dominant hues are considered either pink, orange, or purple sapphires.

Traditional descriptions like “pigeon’s blood” are sometimes used to describe a ruby’s color, and sometimes place names that indicate a stone’s source can be used as well, though these descriptions can be problematic. Not only is the term “pigeon’s blood” highly subjective, but rubies mined from the same location will not necessarily share the same quality of color. Just because a ruby is called a Burmese ruby is no definitive guarantee of a specific color quality.

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How Ruby Clarity Affects Value

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A Diamond Ring Set with a Burmese Ruby Recently Bought by Diamond Estate

Rubies almost always exhibit some kind of inclusions, and the value of a ruby can be greatly affected by how visible the inclusions may be.

Rubies with inclusions that reduce their transparency and brightness, or inclusions that reach the surface and compromise the stone’s integrity are significantly less valuable than those without prominent inclusions. While so-called ‘eye clean’ rubies do exist, they are quite rare and expensive.

A typical inclusion in rubies is known as ‘silk’ or ‘needles.’ These thin rutile inclusions can occasionally result in asterism, a phenomenon that results in the highly prized “star ruby,” though generally they detract from the stone’s clarity and make the ruby less valuable.

A typical inclusion in rubies is known as ‘silk’ or ‘needles.

Because most all rubies have some inclusions, various treatments have been used to improve their clarity, some for thousands of years. Simple heat treatment in rubies mimics the natural heating processes, and is considered permanent, stable, and is generally accepted in the industry as long as it is disclosed. Heat treatment of this kind does not generally lower the value of the stone. Other more invasive treatments, like diffusion coloring or the filling of imperfections with lead glass or polymers, are much less acceptable and will compromise the value of the gem.

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How Ruby Cut Affects Value

Triangular, pear, round, marquise, and emerald cuts are sometimes used for rubies.

The cut of any gemstone is always a compromise that balances the natural features of the gem while retaining as much of the rough stone as possible. In rubies, the natural crystal shape often determines the type of cut, with the most common being ovals and cushions, with triangular or kite shaped facets and step cut pavilions. Triangular, pear, round, marquise, and emerald cuts are sometimes used for rubies, but their availability in large sizes and higher qualities is limited.

Rubies exhibit pleochroism, or the appearance of different colors when viewed from different directions, typically more red to purplish when seen from one direction, and more orangey red from the other. In an effort to preserve the ruby’s more valuable red coloring, gem cutters will often try to orient the table facet perpendicular to the longer crystal direction, minimizing the orange hues.

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How Ruby Carat Weight Affects Value

As with most gemstones, bigger rubies are simply more valuable, but because rubies larger than one carat are quite rare, the price per carat increases dramatically as rubies increase in size. Larger medium quality rubies might sell for twice as much per carat as smaller rubies of the same quality, whereas larger, fine quality rubies might sell for as much as ten times more per carat than smaller rubies of similar quality.

 

Get a Free Ruby Appraisal

Contact Diamond Estate Jewelry Buyers today for a free verbal appraisal of your ruby ring, necklace, brooch, earrings, or loose ruby gemstone. You can also get the process started online by telling us about the ruby jewelry you wish to sell in the contact form below.

Call Us Toll Free: (800) 956-8505

Text Message: (858) 412-7783

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About Diamond Estate

Diamond Estate Jewelry Buyers is a leading fine jewelry buyer and watch buyer serving customers throughout the US. We've built our business on core values of integrity, honesty, and superior customer service. Are you looking to sell diamonds, rings, watches, earrings or other fine jewelry? Get in touch to get your no-obligation offer.

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