Ruby is the most valuable variety of the corundum mineral species.The most preferred color is a deep blood red with a slightly bluish hue.Such Ruby is known as Burmese Ruby or Pigeon s Blood Ruby.The most renowned rubies comes from Myanmar, the Himalayas, and northern Vietnam.Ruby is the birthstone for July and the gem for the 15th and 40th anniversaries.
Color is the most significant factor affecting a ruby value: Fine gems are a pure, vibrant red to slightly purplish red.
If a ruby inclusions affect its transparency or brilliance they reduce the gem value significantly.
Rubies are commonly fashioned as mixed cuts, which have brilliant-cut crowns and step-cut pavilions.
Fine-quality rubies over one carat are very rare and price goes up significantly as size increases.
In Sanskrit,ruby is ratnaraj,meaning the king of gems.
Myanmar legendary valley of rubies the source of many of the world most fabulous gems.
On May 12, 2015, a 25.59-carat ruby ring sold for $1,266,901 per carat, setting a new record at auction for a colored gemstone.