How much do rubies cost?

Answer The ruby is a rare gemstone whose value is primarily determined by its intense red tones. Like other precious stones, it is measured in carats, and price can vary anywhere from $30 to $400,000 per ... Read More »

Top Q&A For: How much do rubies cost

What was the cost of rubies in 1933?

The value of any ruby depends upon the quality of the gem, determined in part by color and clarity. In 1933, a rough, 20-ct ruby found in Mogok, Burma, and cut to 7.5 ct, was valued at 10,000 pound... Read More »

How old are rubies?

Since rubies predate written history, it is thought that the first rubies were discovered in Burma. Ancient tools used for mining rubies have been found near the country, suggesting that rubies pre... Read More »

Where are rubies from?

In the United States, deposits of rubies are in Alabama, California, Georgia, Indiana, Montana, New Jersey, North Carolina, Utah, Washington state and Wyoming. Outside of the United States, ruby mi... Read More »

How are rubies used?

Ruby is the red variety of the mineral corundum. The element chromium causes this gemstone's characteristic red color. Named for ruber, the Latin word for red, rubies have a hardness of 9 on the Mo... Read More »