Diamond Articles And Industry News

September 28, 2017

The most expensive watch in the world 2017

Luxury watches can command astronomical prices. The combination of the brand name, the value of the materials used and the labor and technology that goes into each piece creates this value. But with w...

September 26, 2017

How Much Can I Sell My Engagement Ring For?

Engagement rings are beautiful, wearable works of art. From the classic diamond solitaire to halo rings to wedding ring sets, they come in an endless variety of shapes, sizes, and designs. And while d...

September 25, 2017

Top 10 most expensive gemstones

Gemstones have played an integral part in human history. Treasured by kings and queens throughout the ages and believed to hold mystical powers, these precious stones can command sky-high prices. But ...

September 21, 2017

How to sell emeralds online

Highly coveted and rare, emeralds are one of the most valuable gemstones available due to their beauty and durability. This year, Harry Winston purchased an 18.04 carat emerald that once belonged to J...

September 20, 2017

How to sell sapphires online

Sapphires, which belong to the corundum gemstone family, are one of the most valuable types of gemstones in the world. Alongside rubies, emeralds, diamonds and amethysts, sapphires are known as ‘car...

September 18, 2017

How to start over after a divorce

Divorce certainly brings challenges, yet any life change brings the opportunity to start afresh. There are many ways in which you can rebuild your life after divorce, whether it be in your personal or...

September 7, 2017

How To Sell A Used Watch

You may own a luxury watch that you have never worn, or you may have worn it every single day for the past 20 years. Regardless, it will still be considered a “used watch” or a “secondhand watch...

August 31, 2017

Top 10 Most Expensive Diamonds 2017

While all diamonds are mined from the Earth, not all diamonds are created equal. Formed at 500km below the Earth’s crust, often over 3 billion years old, diamonds are created when carbon is subjecte...

August 29, 2017

Engagement ring upgrade inspiration

Engagement rings are symbols of love, fidelity, and mostly, a promise to marry your partner. However, it’s not a promise to keep the same engagement ring forever. Engagement rings are also a reflect...

August 25, 2017

Understanding Diamond Prices

Diamond prices can leave many feeling confused. With so many misconceptions about diamonds and how much they are worth, trying to understand how diamonds are valued and what makes diamonds valuable ca...

June 26, 2017

The History of Engagement Rings

An international symbol of love, engagement rings are popular throughout the world. But why is it that we wear engagement rings? And how did this seemingly age-old tradition start? Infographic cou...

June 23, 2017

How to Cope with a Broken Engagement

You started to plan your future together when… life happens.  An unforeseen broken engagement can be incredibly heartbreaking. Coping with this kind of loss can be challenging both emotionally and...

Jewelry Articles: Top 10 most expensive gemstones 

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Gemstones have played an integral part in human history. Treasured by kings and queens throughout the ages and believed to hold mystical powers, these precious stones can command sky-high prices. But what is a ...


Jewelry Articles: How to sell emeralds online 

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Highly coveted and rare, emeralds are one of the most valuable gemstones available due to their beauty and durability. This year, Harry Winston purchased an 18.04 carat emerald that once belonged to John D. Roc...


Jewelry Articles: How to sell sapphires online 

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Sapphires, which belong to the corundum gemstone family, are one of the most valuable types of gemstones in the world. Alongside rubies, emeralds, diamonds and amethysts, sapphires are known as ‘cardinal gems...


Relationship Articles: How to start over after a divorce 

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Divorce certainly brings challenges, yet any life change brings the opportunity to start afresh. There are many ways in which you can rebuild your life after divorce, whether it be in your personal or professio...


Diamond Articles: Diamond Carat Calculator 

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Diamond carat weight has a big impact on the value of your diamond. So whether you are looking to find out the carat weight of your diamond to better understand its worth or simply out of curiosity, WP Diamonds...


Watch Articles: Top 20 luxury watch brands of 2017 

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Designer watches are products of true craftsmanship, merging luxury and reliability. Top luxury brands create quality timepieces that showcase great design and optimal quality, designed to last you a lifetime. ...


Diamond Articles: Oval Cut Diamonds 

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While round cut diamonds have long been the most popular option for engagement rings, oval cut diamonds are now quickly becoming one of the nation’s favorite diamond shapes. Its elongated shape makes the diam...


Jewelry Articles: Where To Sell Jewelry 

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We are all guilty of holding onto things that we do not need or no longer wear. Whether it’s jewelry that you have fallen out of love with or an old engagement ring from a previous relationship, selling your ...


Watch Articles: How To Sell A Used Watch 

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You may own a luxury watch that you have never worn, or you may have worn it every single day for the past 20 years. Regardless, it will still be considered a “used watch” or a “secondhand watch”. In th...


Jewelry Articles: How To Sell Rubies Online 

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Rubies are distinguished by their blood-red color. Hailing from Vietnam, Brazil, Afghanistan, Kenya, and Mozambique; these precious gemstones are most commonly found in Sri Lanka and Myanmar. Prized for their r...



Rubies are distinguished by their blood-red color. Hailing from Vietnam, Brazil, Afghanistan, Kenya, and Mozambique; these precious gemstones are most commonly found in Sri Lanka and Myanmar. Prized for their rarity, rubies have a rich and colorful history. Treasured by ancient civilizations, this red stone was used as a core stone in the British royal jewels and was traded along the Silk Road towards Western China. These fiery stones are thought to signify authority, wealth, and passion.

So lets get answers to some of the most common questions about selling rubies:

  1. Where do rubies come from?
  2. How much is my ruby worth?
  3. How do I obtain information on my ruby?
  4. Where can I sell my ruby for the best price?
  5. How can I sell my ruby online?

ruby quote
WHERE DO RUBIES COME FROM?

The term “ruby” derives from the Latin word “rubens, meaning red. Just like the gemstone sapphire, it is a variety of the mineral corundum. They are formed deep in the Earth at temperatures up to 670°C.

There are certain ruby terms, popular in the gemstone community, to familiarize yourself with:

  • Burmese Rubies – Rubies mined from Burma are often considered to be the highest quality rubies. The US banned the import of rubies from Burma until 2016.
  • Pigeon Blood Red – This term is used to describe the most vivid and valuable of ruby colors.
  • Star Ruby – Similar to the Star Sapphire, these stones exhibit asterism, creating a pattern resembling a six-rayed star.
  • Ruby Zoisite – This mix of ruby and zoisite crystals creates a colorful green and red stone, only found in Tanzania.
  • Ruby Fuchsite – Said to be a healing gemstone, this stone is a mix of Ruby and Fuchsite

 

HOW MUCH IS MY RUBY WORTH?

Some record breaking rubies have sold for millions of dollars. Like most gemstones, there are several factors that determine a ruby’s value:

  1. Color

Color is the most important factor when valuing a ruby. Ruby colors vary from pink to red. Highly prized rubies are are a bold, deep and intense red. Specifically, Pigeon’s Blood red rubies are the most highly valued for their color. Rubies that are too light or too dark will decrease in value.

There are three elements of color to help understand the color of your ruby:

  • Tone – This refers to how light or dark your ruby is. Very light red “rubies” are considered pink sapphires. The ideal tone for a ruby is between medium and medium dark.
  • Saturation – This refers to how intense the color of your ruby is. The more intense the color of ruby is, the more it is worth.
  • Hue – This refers to the primary color of the ruby and any secondary colors.

 

  1. Cut

Just like any gemstone, how well proportioned your ruby is affects its appearance which also impacts its worth. Rubies are known to have inclusions, therefore a high-quality cut can reduce its visibility.

 

  1. Carat Weight

The carat weight of your ruby is important. As the carat weight increases, so does the value of your stone. At WP Diamonds, we specialize in buying rubies that are 1ct or larger.

 

  1. Clarity

This refers to how flawed or flawless your ruby is. While inclusions in a ruby will lower its value, there is one exception to this: asterism in rubies create a star-like shape and can increase the value of your ruby.

 

  1. Treatment

To enhance a ruby’s color, it is common for stones to undergo treatments such as dyeing (to boost the color), diffusion (introducing beryllium into the atomic lattice of a ruby while undergoing heat treatment) and heating (isolating purple discolorations and some inclusions). The bottom line is that untreated, natural rubies are worth more than treated rubies.

 

  1. Origin

While rubies are found throughout the world, the most valuable rubies are typically Burmese rubies.

 

  1. Market Conditions

The demand for rubies will either increase or decrease its value, depending on what’s trending in the secondhand market.

understanding rubies
HOW DO I OBTAIN INFORMATION ON MY RUBY?

When selling gemstones, it is always beneficial to have documents on your item. Appraisals and any certificates are accepted by gemstone buyers such as WP Diamonds. We always recommend that your ruby be GIA certified if it is over 1ct.

 

WHERE CAN I SELL MY RUBY FOR THE BEST PRICE?

If you are looking to sell your ruby, popular options include:

 

RUBY SELLING OPTIONS SPEED GUARANTEE OF SALE RUBY EXPERTS FEES PRICE ADDITIONAL INFORMATION
Non-specialist Online Buyers SLOW NO NO SOMETIMES HIGH eBay and Craigslist are user-friendly platforms. However, besides not being able to expertly price your ruby, it can take a long time to sell.
Pawnshop FAST YES NO NO LOW This is a fast way to sell your ruby. But pawnshop owners tend to have little ruby knowledge which may result in your underselling your stone.
Auction House SLOW NO YES YES HIGH For high valued rubies, this may be a good option. Their experts will help you price your ruby. However, auctions are held infrequently, there are fees to pay and no guarantee your ruby will sell.
Online Ruby Buyer FASTEST YES YES NO HIGH WP Diamonds offer a quick and easy way for you to sell your ruby online. Have cash in as little as 24 hours. Our GIA-trained gemologists offer strong prices.

 

HOW CAN I SELL MY RUBY ONLINE?

  1. Fill out our online form
  2. Receive a price quote from our in-house gemstone experts
  3. Schedule an appointment or send your ruby to our headquarters for a final price (free shipping & insurance)
  4. Get paid by check or wire, or your ruby is returned free or charge

Selling gemstones such as rubies is made easy with WP Diamonds, we provide a fast, free and secure service. . With an A+ BBB rating, we work with hundreds of customers on a daily basis, providing quick price quotes and payments. We specialize in gemstones of 1ct+. Read more about selling rubies to WP Diamonds by clicking here or click the button below to get your price quote.


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