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How Much is My Ruby Worth?

How Much is My Ruby Worth? Featured Image

If you are looking 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.

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

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. 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.

 

How Ruby Clarity Affects Value

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.

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.

 

How Ruby Cut Affects Value

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.

 

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.

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I was very happy with the service I received with this company and Paula made it very easy for me to follow all directions!!! I would definitely do business here again and recommend read more them to my friends!!!....Mickie

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Mickie K.

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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.

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Contacted Paula about selling my Rolex watch, and was treated in a very professional manner. She talked me thru the whole process from start to finish; which made this transaction very read more enjoyable. The estimate I received was higher than two other companies I contacted. Straight forward, no nonsense approach. If you have any doubts about selling your jewelry please give Diamond Estate Jewelry Buyers a call. You will be happy you did.

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Duane F.

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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.

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While selling an engagement ring is never an emotionally fun experience, it was finally time to give it a new life. Working with Paula made the process so much easier. She is very professional read more and responsive, and showed a lot of empathy when I got misty-eyed on the phone. While I’ll admit to having been nervous about shipping my engagement ring off based on a few emails, the process went very smoothly. I was provided with an insured shipping label and instructions for packaging. I received a reasonable offer for my ring the day it arrived at their store. The transaction was settled exactly as agreed, and within hours of my giving final word. There is absolutely nothing to be concerned about in dealing with Diamond Estate Jewelry Buyers via the web, and I would gladly use them again.

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Lisa Y.

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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.

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When I was thinking about selling a piece of jewelry I had, I looked at several different places. I just kept coming back to DEJB. I called, spoke with Paula & she was wonderful to read more work with. So friendly & knowledgeable. She explained everything to me from the first phone call. She really put my mind at ease. My transaction was quick & easy. Paula & Carl were so easy to work with. I will definitely work with them again. Thank you Paula & Carl for everything!

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Rhonda B.

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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.

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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 my engagement ring, 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.

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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.

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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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Diamond Estate President and Founder Carl Blackburn was interviewed in 2009 by KUSI Television, along with the Better Business Bureau's Sheryl Bilbrey, as one of San Diego's trustworthy and reputable jewelry buyers.

Ten Years later, Diamond Estate still maintains its A+ standing with the Better Business Bureau, while helping sellers nationwide become better informed through the many videos, guides, and articles published on this website.

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