Ruby, also known as Manik stone, is a precious and valuable gemstone that is known for its beauty and the powers it holds. Because of the mystical allure and the benefits of the gemstone, it is highly loved and is always in demand.
A symbol of love, passion, power, and protection, Ruby is also known as the King of gemstones. It is mostly recommended to Leo zodiac signs to wear, astrologically.
Since the stone is precious and has many powers, its demand has risen. So the recognition of the stone, the supply and demand chain is the one factor that changes all the time. But there are other factors as well on which the price of ruby stone depends.
When you are buying a ruby, you should check the trend to get an idea of the rate but to estimate the best price and make an informed decision, you should know about all the factors that determine the ruby price.
In this detailed ruby price guide, we have mentioned everything you need to know before you buy an original ruby gemstone.
Also Learn About Prices of All Precious Stones
Ruby Stone Price Guide 2024 - How to Determine Ruby Price?
Factors Affecting the Price of Ruby
The basic aspects that determine the price of a ruby stone are the 4Cs (Color, Cut, Clarity, and Carat Weight), origin, and treatment processes. Every aspect plays an important role in how the cost of gemstones is ascertained in the industry. Here we will tell you how these factors will affect the value:
Color
The color is a major price-determining aspect since it is the color that gives the overall look to the gemstone. Ruby is found in many hues of red with overtones of brown, orange, pink, and purple.
The color which is the most desirable is the deep dark red with no undertone or overtone which is known as Pigeon Blood ruby. The uniform distribution of the color is also essential.
There are three elements in color that are often seen while distinguishing and labeling the gem which are tone, hue, and saturation.
Tone - The tone is the lightness or darkness of the hue; some gems are very pale that they look dull while some have very dark tones that look almost black. The correct tone gives us bright red.
Hue - The hue is primary and secondary. The primary hue is red but there can be secondary hues like orange, brown, purple, or pink. It can be seen very often in the rubies. These tints are very common in these red gems.
Saturation - The Intensity of the color is the saturation, like when we say a stone is dull or bright.
Some of the most common colors seen in rubies are -
Pigeon Blood red, Intense Red, Pinkish red, Pure bright Red, Purplish red, Blackish Red, Vivid Pinkish red, Orangish Red, Brownish Red, and deep red.
- Pigeon Blood Ruby will cost around Rs 2.5 Lakh to 3 Lakh per carat.
- A Pinkish red will be in the range Rs 1 Lakh to 2 Lakh per carat.
- The cost of Brown & Orangish ruby will be Rs 10,000Â to 20,000 per carat.
- While the value of one with a purplish tint is Rs 3,000 to 15,000 per carat.
Cut
The Cut of the gemstone is an essential factor that affects the price of ruby. The cut is both the shape and facets of the stone. A good cut means exact proportion (balance of size, shape & weight), symmetry, polishing, smoothness, and brilliance of the overall appearance.
The cut influences the color and clarity of the gemstone and so a particular cut can highly affect the cost. Some cuts and shapes require more precision and accuracy, which increases their value.
Oval and cushion cuts are quite popular for their aesthetic and classic look, hence often priced higher.
In addition to that, some cuts require more material to be removed. Since there is more wastage, the price hikes. Such as an emerald cut.
Clarity
The clarity is the major factor which determines the ruby stone price per carat. It refers to the presence and absence of inclusions or flaws in a gemstone. Inclusions are naturally formed in gems. Flaws like bubbles, cracks, and needle-like structures called silk are very commonly seen.
The more clear the gem is, the more its costs. The level of inclusions, their size, type, and location varies and affects the rate.
If a ruby stone is purely clear then it might be synthetic or treated. Inclusions are the proof that the gem is authentic.
Carat Weight
Carat is the measurement by which the gems are weighed. It refers to the weight of a gemstone. Generally, rubies of larger sizes are very rare, they are found once in a few years and so they command very high prices, especially if they have a good color and fine clarity.
Weight is not the most influencing factor and it determines the value based on the other factors. But, it can increase the value of a ruby exponentially.
Let's take an example.
How much is 1-carat ruby worth?
A 1-carat ruby will cost around INR 10,000 to 20,000, based on its quality. If it is of premium quality, it can range up to 50,000 as well.
How much is a 2-carat ruby worth?
A 2-carat ruby will cost around INR 20,000 to 45,000. One with the best quality can cost up to 70,000.
Similarly, a ruby stone of 5 carats and above will cost more while one of 10 carats and above will cost even more, up to lakhs of rupees.
Treatment Processes
Natural gemstones are more desirable and are in demand since treated gemstones fade over time or there is a possibility of them getting chipped and scratched. Treatments can enhance the clarity and color but over time the gem can get back to its original state. Hence an unheated and untreated ruby is more costly as natural rubies are more in demand.
For example, if you are buying an average quality ruby that is treated it can cost you around INR 7000 to 20,000 while the same average quality ruby that is natural can range between INR 10,000 to 30,000 per carat.
Origin
Origin also plays a vital role in deciding the ruby stone price because some sources are known in history for producing best-quality gemstones. Also, each origin shows a distinctness because of the geological formation and so types of rubies are based on the origin they are found in.
Let's discuss in brief the major sources of rubies:
Myanmar
Myanmar or Burma is the most infamous source of rubies or Manik stones. Mogok Mines in Burma is the primary location where the best quality Pigeon blood color ruby stones are found. The clarity is exceptional as well. The most expensive ruby in the world, the Sunrise ruby was found in Burma.
Thailand
Thailand, the main marketer of the rubies, is also a good producer of these red gems. The gems found here mostly have good quality but their color is not that bright. They often lack fluorescence which is why they are less costly compared to Burma rubies.
Mozambique
Mozambique is one of the best sources of rubies. It is known to produce some of the finest rubies with exceptional color and clarity. The vivid and deep red rubies are found from this source.
Although, the gems found here can vary from low to premium quality.
Africa
Africa is also a good producer of these red gems. The major mines are located in Madagascar and Kenya. The gems are found in different shades and qualities but the ones which are most desirable are Madagascar rubies with pinkish or purplish tints.
India
In India, the Rubies aka Manik stones are known as Ratnaraj or King of Gemstones. In Indian astrology, these stones are highly believed to have the blessings of the Sun.
Often these gems are found in pinkish-red color and mostly are opaque. India is not a major producer but the gems found here are often in demand in the local region.
| Origin | Price Range (Per Carat) of Manik |
| Burmese (Myanmar) Ruby | INR 13,000 to 22,000 |
| Thailand (Bangkok) Ruby | INR 1500 to 12,000 |
| Mozambique Ruby | INR 18,000 to 45,000 |
| African Ruby | INR 2,000 to 15,000 |
| Indian Ruby Price Range | INR 2,000 to 50,000 |
Where to Buy a Ruby for the Best Price?
You should buy a natural ruby stone from a reputable seller, who has been dealing in the gemstone for years and has good knowledge of gems. A trustable source will help you make the best decision and buy the perfect gemstone for yourself or your loved ones. Like Rashi Ratan Bhagya, who has been dealing in loose gemstones for the last 40 years, since 1985.
With Rashi Ratan Bhagya, you will get many benefits, such as:
Unmatched Quality - Each gemstone in our collection is sourced genuinely and is picked carefully by our experts so that you get authentic gemstones of the best quality.
Standards & Authenticity - We maintain high standards for quality and our management system makes sure that all our gems are genuine. All the gemstones are certified by Gem Labs like IGI, GSI, IIGJ, IGITL, etc.
Personalized Service - We understand that you are making a great investment here and so we make sure that you put your money to good use. Our knowledgeable and passionate team will help you get the perfect stone for yourself.
Wide Selection - We have a wide collection for you to choose from. The gems are available in different cuts, colors, carat weights, and sizes.
Transparent Pricing - Appreciate the true beauty of purchasing with us. We do not have any middlemen so the gems come to you at the best prices.
Worldwide Shipping - Choose the gem and we will deliver it to your doorstep within 7 to 15 working days.
Return Policies - If you don't like the gem you get, you can also easily replace it or return it within 14 days.
Pooja/ Energization Available - With us, you can also get an astrologer's recommendation and get your gem jewelry energized with the proper Vedic pooja process.
After Sale Support - After the sale, anytime you need to get your gem jewelry cleaned or inspected, we are here for you.
