Rubies are a red colored variety of corundum. It gets its unique color from the element chromium that is inside of it. Except for the diamond, there is no harder precious stone than the ruby; it has a rating of 9 on the Mohs scale. Like other gemstones, natural rubies have imperfections within them. There can be color impurities as well as formations of rutile needles. Natural occurrences of rubies are most commonly found in Mynamar, Thailand, Cambodia, India, Afghanistan, and Pakistan. Interestingly, geologists are not sure how rubies are formed.
There are four factors that affect the price of rubies. The primary factor that dictates its price is its color. The brightest and most valuable color is pigeon-blood red, which is described as the most vibrant tint of red without any blue tones. Other deciding factors that affect its price are its clarity, cut and carat.
Rubies are often used in jewelry pieces such as earrings, necklaces, rings, bracelets, and broaches. At auction, ruby jewelry can fetch high prices. For example, at a 1996 Sotheby’s auction, some pieces that belonged to Jacqueline Kennedy Onassis were sold. A 17.68-carat ruby fetched a $290,000 price tag, a pair of cabochon ruby earrings was sold for $360,000, and a cabochon ruby necklace was sold for $247,500.
Some of the most famous rubies include the 167-carat Edwardes Ruby, which is on display in the British Museum of Natural History; the “Rosser Reeves Star Ruby”, which weighs 138.7 carats and is located in the Smithsonian Institution; and the “De Long Star Ruby”, which weighs 100 carats and is in the American Museum of Natural History. The Bohemian St. Wenzel Crown, made for the eleventh king of Bohemia, Holy Roman Emperor Charles IV, holds a ruby that is a whopping 250 carats.
The ruby is a gem of passion. It’s mystery, bold color, and history make it highly sought after, and perhaps it is this allure that makes it so prized today, and possibly for centuries to come.About the Author:
Julia Lawrence thoroughly enjoys spending time researching and writing about diamonds, jewelry and pop culture! When she isn't hard at work writing blog posts for The Diamond Lining, she spends her time wither with an absolutely adorable Mini Golder Retriever: Jake, and her husband: Mr. Julia Lawrence.
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