Lions and Tigers and Rubies! Oh My!
“You’ve always had the power my dear; you just had to learn it for yourself.” – Glinda the Good Witch, in The Wizard of Oz
Glinda was talking about Dorothy’s iconic ruby red slippers, of course. Like the glittering slippers in the beloved film, real ruby gemstones have a transformative quality. Their intense, fiery red color has made them among the most sought-after gems for centuries.
Alaska Jewelry carries a selection of beautifully-designed natural ruby rings, pendants, earrings, and bracelets—pieces that you’ll treasure for many years to come. Read on to learn more about this precious gemstone.
Ruby: Color, Geographic Occurrence, and Value
Color: Ruby is a variety of corundum, a type of mineral that also includes sapphires. Traces of chromium give ruby its color, which can range in hue from pinkish to purplish to brownish-red, depending on the content of chromium and iron in the mineral deposit. Trace mineral content varies from location to location, and stones are sometimes (but not always) identifiable by geographic area.
Where Ruby Is Found: For centuries Myanmar was the primary source for rubies; some of the finest rubies have been unearthed there, but in recent years very few good quality rubies have been mined in Myanmar. Rubies have been found in many other locations around the world, including Thailand, Cambodia, Australia, Colombia, Brazil, Namibia, and other countries. Republic of Macedonia is the only European country where naturally-occurring rubies have been found, and only a few rubies have been uncovered in the U.S., in the states of Montana, North Carolina, South Carolina, and Wyoming. In recent years ruby deposits have been uncovered in Greenland and Kenya.
Value: Ruby stones can fetch the highest per-carat price of any colored gem. Ruby prices can range wildly, from $100 to $15,000 per carat, depending on stone quality. The record price for ruby is around $100,000/carat. Since there is a very limited supply of small rubies in circulation, quality stones can be quite valuable. Those fortunate enough to own ruby jewelry possess one of planet earth’s treasures.
Alaska Jewelry carries a fine selection of natural ruby jewelry. Browse our selection of ruby rings, ruby earrings, ruby pendants, and ruby bracelets below.