What makes rubies more expensive than diamonds?

 

Diamonds, especially in the D-Z color range are one of the most unique and expensive gemstones globally. Their sheen, luster, and gleam make them rare and irresistible, making them very expensive. However, diamonds were not always considered as expensive and valuable as it is currently after their introduction as the gemstone of love. Rubies, sapphires, and emeralds have been popular for ages.

Ruby has been the most valuable of all gemstones throughout time. Its distinct and bold red color gives the gemstone its unique power to magnetize the eye, minds, and hearts of all. Referred to as Ratnaraj (King of gemstones), the big ruby gemstone is far rarer and more expensive than diamonds.

It is a fact about ruby that high-quality rubies of big size are rarer than high-quality large diamonds. KGK rubies and KGK diamonds are both valuable, but some rubies are more expensive than diamonds.

Let’s look at what rubies are to understand their worth.

·    Rubies are a variety of the mineral corundum and come from the same species as sapphires. Chromium gives them the color red. Corundums that don’t have enough chromium are considered pink sapphires.

·    The most treasured rubies come from the mines of Mogok, many KGK gemstones come from there.

·     The best quality rubies are referred to as Pigeon’s Blood, the name is derived from its deep red color.

At KGK Group we have listed some of the most valuable rubies found globally.

THE GRAFF RUBY

It’s a whooping 8.62ct ruby and was sold at auction in November 2014 for 8.6 million US $. Bringing its per carat price to US $ 997.000 per carat.

THE SUNRISE RUBY

At 25.59ct, the sunrise ruby is one of the rarest gemstones in the world. Rubies in large sizes over 10cts are extremely rare and unique. A ruby gemstone of such size and quality is basically a wonder. It was last sold in an auction in December 2015 for a $1.184.000 per carat price, bringing its total value to 30.3 million US Dollars.  Its price seems to sync with the grandness of the stone.

THE CRIMSON FLAME RUBY

Finally comes the ruby who has broken all records of price per carat The Crimson Flame Ruby. It weighs 15.04 carats and is perfectly red and contains beauty like no other gemstone. Sold in December 2015 for 18.3 million US Dollars it is priced at an incredible $1,222.000 per carat price.

These three rubies are sold for way more per carat than some of the perfect diamonds.

What is the reason behind the value of ruby?

Its color is a color loved by all, people feel a certain warmth and love towards this stone. Plus rubies of large size are extremely rare. Ruby has a history to it like no other, it has decorated many royal crowns, and tiaras and has been considered an elite stone by the royals.

KGK Ruby is a perfect gift for you and your loved ones. Contact KGK Group and witness the grandness of our ruby collection.