Last Updated on July 6, 2022
Ruby is one of the most beautiful gemstones with its incredible red color. Many people opt for this gemstone on their jewelry, as it gives off a regal look.
However, the worth of the ruby will depend on the color, clarity, cut, and carat weight.
If you want to invest in this gemstone, you are in the right place. Here is your complete guide to understanding what the value of a ruby is.
How Much Is A Ruby Worth?
The value of the ruby will largely depend on the color, clarity, cut, and carat weight. However, these gemstones can run between $1 and $100,000 for a carat.
For example, one of the most expensive rubies sold was for over a million dollars per carat at twenty-five carats. Of course, you don’t have to pay such a hefty price for the gemstone.
Depending on the factors, the worth of your ruby will be something you can afford. That is why you can add this gemstone to your jewelry pieces in no time.
What Is The Value Of A Carat Of Ruby?
The value of a carat of ruby depends on the quality of the gemstone. Just like diamond finest-quality ruby will be one of the most expensive gemstones.
That is because prices have reached a record of over $1,000,000 per carat. Of course, this price is for the best quality ruby with incredible color.
Such rubies have a deep red color with a hint of blue. It is difficult to find such a fine ruby, which is why the price is high.
Are Rubies More Valuable Than Diamonds?
You might be wondering if the value of a ruby will be higher than a diamond. Generally, rubies are less expensive than diamonds.
However, if the ruby has an incredibly natural color, then the price can go sky-high. For example, rubies with incredible color can have prices similar to diamonds or even higher.
That is why you must look at the color, clarity, and cut of the ruby before you decide to purchase it. Once you do, you will understand if the quality is worth the money.
What Is The Most Expensive Ruby To Ever Sell?
There are many times when rubies have been sold for an incredibly high price.
For example, Elizabeth Taylor had a ruby that was 8.24 carats, and it was turned into a ring by Van Cleef & Arpels. The ring was sold at an auction for more than $4 million.
That means that the price of this ruby per carat came down to over $500,000. On the other hand, the most expensive ruby to ever sell is known as the Hope Ruby. It weighed more than 32 carats, and it was sold for almost $7 million.
What Is The Price Of Pigeon Blood Ruby Per Carat?
The Pigeon Blood Ruby is one of the most expensive rubies. That is because it has one of the most natural colors, which is a deep red.
Because of this, the price per carat is not something an average person can afford. The approximate price per carat of a Pigeon Blood Ruby is $4,700.
It is one of the finest rubies you will ever find. That is because many people think that this is the perfect color for the ruby gemstone.
What Is The Value Of A Single Stone Ruby?
The value of a single stone ruby will vary because of many factors. Here is a complete list of the price of a single stone ruby in different sizes:
|Less than 1 carat||Between $500 and $850||Between $300 and $450||Between $20 and $100|
|1 carat||Between $700 and $1,500||Between $450 and $650||Between $50 and $100|
|2 carat||Between $1,000 and $2,500||Between $600 and $800||Between $50 and $100|
|3 carat||Between $1,500 and $2,500||Between $600 and $800||Between $80 and $150|
|4 carat||Between $2,000 and $3,500||Between $600 and $1,500||Between $150 and $250|
|5 carat||Between $2,000 and $4,000||Between $700 and $2,000||Between $150 and $300|
These are the prices of the rubies, depending on the grade. The finer-grade rubies are what you need, but they are also expensive.
You can go to a professional and figure out the rubies you want and the price you are willing to pay.
Once you do, you will have an excellent ruby in your hands. These gemstones look incredible and last a long time to come.