The ruby. The rarest of the cadre of precious gemstones that includes diamonds, sapphires, and emeralds, guarantees its revered place in history as the coveted gemstone of romance, love, and protection. The desire for the resplendent ruby is as prevalent today as it was when the first humans discovered it shining in alluvial soil. Prized by royalty worldwide, as well as the rich and famous, rubies symbolize wearable luxury when set in rings, earrings, necklaces, and bracelets.
A Stone for the Ages
As early as the sixth century in the Shan Dynasty, there were references to rubies from Burma (Myanmar). Formed of corundum and trace amounts of chromium in the heat of the earth’s crust between 30 and 60 million years ago, the “Pigeon’s Blood” rubies from the Burmese Mogok valley are thought to be the finest rubies in the world. These naturally occurring Pigeon’s Blood rubies, with their characteristic deep shade of red and a mere trace of blue, can command a higher price per carat than that of a comparatively-sized diamond. Elizabeth Taylor’s 8.24-carat ring with a center oval Pigeon’s Blood ruby and diamond surrounds sold at auction for $4 million. Today, however, many fine pieces of ruby jewelry are available with numerous pricing alternatives for those wishing to purchase this beloved stone for celebratory events such as birthdays (the ruby is July’s birthstone), graduations, and anniversaries.
Today’s market sees a wonderful resurgence in the desire for engagement rings with colored stones. Often, rubies are the preferred choice due to their connections with Valentine’s Day and the heart. In the 1800s, French jewelers referred to the ruby as “the dearly loved stone” due to its perceived power in fostering faithful devotion in romance. The ruby is believed to bring protective invincibility to the wearer; thus, Burmese warriors carried or wore the stones into battle. Rubies are mentioned in the Bible in relation to wisdom, and many Burmese and Hindu supplicants offered rubies to their gods. Legends and lore concerning the ruby’s metaphysical attributes encompass almost every time and culture.
Rubies derive their name from the Latin word rubens, meaning red. However, since the mineral corundum forms the basis of both rubies and sapphires and has no color on its own, various trace elements must be present for these coveted stones to attain their color variations. Rubies require the trace element of chromium for their luminous red glow, but rubies have more than mere surface beauty. This king of precious stones is a durable gem with a mineral hardness of 9, just below that of moissanite and diamond on the Mohs Hardness Scale. Rubies’ durable structure is one reason the stones retain their original natural beauty from generation to generation.
Color, hue, tone, and saturation help determine a ruby’s value, with the most important factor being color. As noted previously, the vivid red of the Pigeon’s Blood ruby is most desirable, yet rubies in shades of pink or brownish-red can also be visually stunning. Hue looks at where the ruby places in the color spectrum. While each ruby generally has a primary color of red with a secondary color of orange, blue, purple, or pink, the ruby with a hue that is strictly red will have more value. The tone determines whether the ruby’s color is too dark or too faint, and saturation examines the depth of the ruby’s color and how intense it is. Strong saturation adds value, as does fluorescence, meaning ultraviolet light will make the stone glow. Tiny inclusions called rutile needles, which reflect light from within the ruby, can also add value. Since most natural rubies have some type of inclusion, gemologists will examine the stone to ensure it appears clean to the naked eye.
A ruby’s dimensions, facets, and symmetry are considered when shaping the stone into classic round, oval, cabochon, cushion, and pear shapes, or a more unconventional configuration based on a client’s request. Although a ruby’s cut is not as critical to the stone’s overall value as it is with a diamond, a proper cut will showcase the stone’s depth of color and minimize visible inclusions. Since naturally occurring rubies with a high carat weight are rare, gem cutters will strive to protect the stone’s carats for increased value.
For Those Interested in Buying
Various Florida auction houses feature a curated collection of fine art and decorative arts, jewelry, diamonds, and colored stones. Individuals looking to purchase fine ruby pieces or other items from our collection can attend regular hosted gallery auctions or participate from anywhere in the world with absentee bidding, online bidding, or phone bidding platforms.
In the event of a winning bid, the gallery will apply a 25% buyer’s premium to any item purchased at auction in our gallery, in addition to the hammer price and appropriate sales taxes. When an item is purchased from one of our online auctions, an additional fee of 3-5% will be added, depending on the chosen online bidding platform.
A number of galleries make buying fine art, jewelry, diamonds, and colored stones simple. Individuals can contact the gallery to register and may start bidding however they like. Please note that when an individual purchases an item from one of these auctions through phone bidding or absentee bidding, the same buyer’s premium and sales taxes are applied to the purchase.
For Those Interested in Selling
Various auction houses provide same-day service and come to the seller. Many of the items in auction house galleries are antiques and heirlooms acquired from individuals liquidating their family estates. Persons looking to sell a specific item or liquidate an estate can rely on auction houses’ experience in working with a broad range of clients. Full-service galleries present, promote, and sell fine works of art or fine jewelry with the highest possible return through auction. They frequently work with lawyers, banks, insurance companies, and individual consigners.
Certified appraisal and auction houses serving Fort Lauderdale and Palm Beach provide unique expertise in the world of gems, fine jewelry, and artwork. Each item consigned or sold to the gallery is personally evaluated to determine an accurate estimate. The heads of these auction houses are certified appraisers and licensed auctioneers. They will provide accurate appraisals of a wide range of items. Through their experience, they can maximize the property’s true value so they can pay sellers exactly what their items are worth.
Those interested in buying and selling gems at auction may find some excellent opportunities at Dania Beach, FL, auction houses.
Selling Jewelry with Rubies?
Do you have jewelry featuring Rubies works that you are interested in selling, appraising, or consigning? Call Joshua Kodner today, and ensure you receive the true value of your property.