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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


I worked with Paula the most and she was great. Very patient, very kind; answered all my many questions. Received agreed upon payment extremely fast, as promised. It is scary to send read more jewelry in the mail, but everything worked as I was told it would. I would do this again.

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Faye N.

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I needed to sell a 2 carat diamond and based on the excellent reviews, I decided to contact Diamond Estate Jewelry Buyers. I sent an email with the GIA report details and within 30 read more minutes I had a response from Paula with an estimated offer. After deciding to move forward, Paula emailed me shipping instructions and a prepaid FedEx label. I shipped my diamond and everything went incredibly smoothly. Paula, the buying consultant with whom I worked, was incredibly responsive and knowledgeable. I am absolutely thrilled with my experience and would recommend Diamond Estate Jewelry Buyers to anyone looking to work with true professionals.

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Melissa N.

Yelp

We contacted Carl to sell approximately 25 pieces of estate jewelry. He was extremely responsive and followed up the same day. His secretary was fantastic getting us an appointment read more quickly. Carl spent a long time explaining the pricing, appraisals, value, and process and made us feel very comfortable selling to him. We are extremely pleased with the entire experience and will definitely recommend him to others!

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Belinda K.

Google

When deciding to sell a special piece of jewelry, especially when you are sentimentally attached to it, it is very difficult to part with it. Then I realized that I would never wear read more it and keeping it in a box for years and years was useless. So I “made the call” to Lori after doing a little background reading of Diamond Estate Jewelry Buyers. I was apprehensive about sending jewelry through the mail but it went very well and I was pleasantly surprised. Am I sure I received the best price? I have no way of knowing, but I was happy with what they offered and I am satisfied. I will no doubt use their services again.

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Kathi B.

Yelp

Wonderful service! Paula made the selling process so easy for me from beginning to end. I live out-of-state, and she walked me through, step-by-step, exactly what to do to work with read more Diamond Estate to sell my diamonds. The process was effortless on my part! The owner gave me an excellent price. Paula was very professional and a pleasure to work with. I highly recommend working with Diamond Estate.

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Amy F.

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 had a wonderful experience selling them my diamond ring. Paula was extremely knowledgeable and helpful. I would definitely do business with them again.

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Jennifer B.

Facebook

The people at Diamond Estate Jewelry Buyers were professional and courteous and offered a good price for my engagement ring. I wasn’t sure I wanted to ship off my ring so I researched read more the company as much as I could until I was satisfied. Sure enough, their business with me matched up to the reputation I saw online. I highly recommend them.

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Bonnie

Google

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 inherited a vintage Rolex. About 40 years old. Though I didn’t have the original paperwork or box, DEJB were open and interested in working with me. Paula Dabney was EASY, accommodating, read more knowledgeable and comforting during the process. The initial price she quoted me was the price we ultimately agreed on after inspection. The process was quick and efficient and any concerns or questions I had were answered promptly all along the way. I’d recommend checking out these folks if you’re interested in selling watches and jewelry.

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Brian C.

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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