Since 2003, the United States government has banned the importation of gemstones from Burma (Myanmar), especially valuable ruby and jadeite. … It is now legal to import Burmese ruby and jade to the US.
Why are Burmese rubies banned?
The global production of one of the finest, rarest gemstones is extremely limited. In addition, during the last decade, the U.S. banned the import of Burmese rubies in order to put pressure on the country’s military regime.
Can I buy rubies from Myanmar?
“Very rare and difficult to procure, Burmese rubies are mainly found in estate pieces,” he said. “It is not unusual for us to buy and sell the same rubies many times over.” In 2006, Mr. Graff’s London-based company paid $3.6 million for an 8.62-carat pigeon’s blood Burmese ruby and sold it to a client.
How much is a 1 carat Burmese ruby worth?
Burmese Ruby Prices
Burma ruby prices fluctuate steeply even in the same carat weight range because of color and clarity of the gemstone. A Burmese ruby with minimal inclusions and deep red color can easily draw between ₹ 1,00,000 to ₹ 1,20,000 per carat ($1,400 to $1,600 ) in the market, even more.
Are Burma rubies rare?
Gem quality Burmese rubies are rare and clean stones over 1 carat are extremely rare and garner the highest prices in the gemstone world. Color is the single most important factor in determining the value of a Burma ruby.
How can you tell if you have a Burmese ruby?
Look at the Color
As mentioned before, the most important value-determining factor of a Burma ruby is its color. If possible, look for genuine Burma rubies that exhibit the pigeon blood color. You will know that you have found the right one if the ruby contains a pure, vibrant shade of red.
Why is a Burmese ruby so expensive?
One of the main reasons that Burmese rubies are so valuable is because of their very specific, extremely saturated colour, caused by a high chromium content in the ground from which they are extracted.
What is a Burma ruby?
The Burmese ruby is one of the most valuable variations of the corundum mineral family. … The Burmese ruby, however, is a piercing bright red, sometimes referred to as “pigeon’s blood”. All rubies owe their coloring to the element chromium and the intensity of that color depends on the amount of chromium exposure.
How much is a 2 carat Burmese ruby worth?
For example, a 2 carat, high-quality heated Burmese ruby can cost in the range of $7,000 per carat. An unheated ruby of the same quality on the other hand could cost up to $20,000 per carat.
How much is a Bernese ruby worth?
Ruby Price Guide
|Colour||Carat||Price Per Carat (USD)|
|Pigeon Blood – Burma Unheated||1.0 – 2.0||$15,000 – $25,000|
|–||2.0 – 3.0||$25,000 – $50,000|
|Red – Burma Unheated||1.0 – 2.0||$8000 – $10,000|
What color ruby is most valuable?
The Color of Ruby
The finest ruby has a pure, vibrant red to slightly purplish red color. In most markets, pure red colors command the highest prices and ruby with overtones of orange and purple are less valued. The color must be neither too dark nor too light to be considered finest quality.
What is pigeon blood ruby?
Pigeon’s blood is the term applied to the most highly saturated colour and natural red fluorescence possible in a ruby. Weighing an impressive 10.05 carats, the Ratnaraj is a wonder of the natural world.
Is ruby expensive than diamond?
Are Rubies More Expensive Than Diamonds? Although some rubies are incredibly valuable and can command very high prices, most rubies are considerably less expensive than diamonds of the same size. This lower pricing makes a ruby an appealing alternative to a diamond for an engagement ring or other jewelry.
Which country ruby is best?
The source of the world’s finest rubies is Burma, or present-day Myanmar, and for more than 800 years the Mogok Stone Tract mine has produced the most beautiful examples, thanks to the unique geological conditions.
What is heirloom ruby?
These are the top 1% of rubies, in terms of quality. They have a truly exceptional deep rich red called “pigeon blood”, are very slightly included and exhibit high brilliance.
Are pink rubies rare?
Pinkish rubies usually range in value from $1,000 to $10,000 for one carat depending on how saturated the red color is. … Most rubies available have been treated in some way, and this makes the untreated one incredibly rare and valuable.