How much is Burmese ruby worth? In general, though, Burmese rubies tend to be the most expensive among ruby varieties. The highest anyone has ever paid for a Burmese ruby has been $1 million USD
How much is Burmese ruby worth?
In general, though, Burmese rubies tend to be the most expensive among ruby varieties. The highest anyone has ever paid for a Burmese ruby has been $1 million USD per carat. However, in general, you can find high quality Burmese rubies priced around $10,000 per carat.
Where can I buy Burmese rubies?
The most famous localities for Burma Rubies are in the districts around Mogok in northern Burma and at Mong Hsu about 250km east of Mandalay.
Are Burmese rubies illegal?
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.
How can you tell if a Burmese ruby is real?
Use the ruby to scratch a hard and yet smooth surface, such as a piece of glass. If there is a streak of red color left behind on the surface, then it is clear that your stone is a fake. A real ruby will never leave color in that way.
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.
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.
Why are Burmese rubies illegal?
Why are Burma rubies banned?
Is ruby worth more 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.
Where are the world’s rubies found?
Countries of Southeast Asia have the most significant concentrations of rubies in the world, with Myanmar, Sri Lanka, Cambodia, Thailand, and Afghanistan having the bulk of the world’s rubies. Myanmar is the world’s ruby capital with more than 90% of the world’s rubies coming from the Asian nation.
What is a Burmese ruby?
Burma rubies, also known as Burmese rubies, are the most preferred type of ruby, due to their coloring. Despite its name, this type of ruby doesn’t have to actually come from Burma, although most of them do. Like diamonds, rubies are now more commonly created in laboratories and can be misidentified when looking at another stone with the same color.
What is a Burmese ruby worth?
In general, though, Burmese rubies tend to be the most expensive among ruby varieties. The highest anyone has ever paid for a Burmese ruby has been $1 million USD per carat. However, in general, you can find high quality Burmese rubies priced around $10,000 per carat.
Can rubies be blue?
Rubies are red colored mainly because of the presence of the chromium element. Sapphires are blue when they contain traces of iron and titanium. Tiny amounts of other elements such iron, titanium, chromium, copper, or magnesium, can cause the color of sapphires to vary (yellow sapphires,…