Is Burma ruby valuable?

Is Burma ruby valuable?

Burma Ruby is the rarest and most valuable member of the corundum family. Colors range from pink red ruby to a vivid pigeon blood red that is regarded as the finest color for ruby. Prized for their beauty, durability, and rarity, it is the quality of the color which most determines the value of rubies.

What is Burma ruby?

The Burmese ruby is one of the most valuable variations of the corundum mineral family. The Burmese ruby, however, is a piercing bright red, sometimes referred to as “pigeon’s blood”. All rubies owe their coloring to the element chromium and the intensity of that color depends on the amount of chromium exposure.

Why are Burma rubies banned?

The global production of one of the finest, rarest gemstones is extremely limited. In addition, during the last decade, the U.S. banned the import of Burmese rubies in order to put pressure on the country’s military regime.

How can you tell a Burma ruby?

The reason rubies exhibit the red color in the first place is that they contain levels of chromium. The more chromium a ruby has, the stronger and more intense its red hue. Genuine Burma rubies contain a red color called pigeon blood, which can be described as purple-red or dark pink-red.

Are Burmese rubies illegal?

Since 2003, the United States government has banned the importation of gemstones from Burma (Myanmar), especially valuable ruby and jadeite. It is now legal to import Burmese ruby and jade to the US.

How can you tell if a ruby stone is real?

Real rubies glow with a deep, vivid, almost “stoplight” red. Fake gems are often dull: they are “light, but not bright.” If the gem is more of a dark red, then it may be garnet instead of a ruby. If it is a real ruby, however, know that darker stones are usually worth more than lighter stones.

What is the difference between a ruby and a Burmese ruby?

Ruby is a red colored gemstone which belongs to the family of the mineral Corundum. Such blood red Rubies are only mined in Burma. These Burmese Rubies are considered to be superior to the Rubies of any origin. Even the Indian Rubies are having a pale color when compared to these Pigeon-blood Rubies.

Why is a Burmese ruby so expensive?

One of the main reasons that Burmese rubies are so valuable is because of their very specific, extremely saturated colour, caused by a high chromium content in the ground from which they are extracted.

What do fake rubies look like?

Real rubies glow with a deep, vivid, almost “stoplight” red. Fake gems are often dull: they are “light, but not bright.” If the gem is more of a dark red, then it may be garnet instead of a ruby. A real ruby should be more like a bright traffic light, however, than like a dull stone.

What is the spiritual meaning of a ruby?

Spiritual Meaning The ruby is known as a protective stone that can bring happiness and passion into the life of the wearer. The ruby is also believed to protect the wearer from negative entities that leach positive energy, promoting spiritual vitality and wellness overall.

Where do Burmese rubies come from?

Burmese rubies come from Burma, a Southeast Asian country. Although Burma is now known as Myanmar, the industry still refers to these rubies as Burmese. Most Burmese rubies come from the districts surrounding Mogok and Mong Hsu, regions in the north and north-east of Burma respectively.

How much are Burmese rubies worth?

In general, though, Burmese rubies tend to be the most expensive among ruby varieties. The highest anyone has ever paid for a Burmese ruby has been $1 million USD per carat. However, in general, you can find high quality Burmese rubies priced around $10,000 per carat.

Where to buy Burmese rubies in Myanmar?

Official ruby gem and jade sales are sold at Myanmar’s gem auctions, but hundreds of millions of dollars worth of gems leak across borders to China, Thailand, and India every year, selling at open market prices. Burmese Rubies are considered the best, for one simple reason – their color.

What happened to Burma’s ruby mines?

After the British annexed Burma in 1886, Mogôk’s mines were operated by the British enterprise known as The Burma Ruby Mines Company. In 1925 the corporation was liquidated, and control of the mines reverted to the Burmese. In the 1960s a military coup destabilized Burma, and the country’s borders were closed.

What is the color of Burma ruby?

Burma ruby displays a true red to pinkish red color in most kinds of light. Thai and Cambodian rubies are usually darker and browner in color, similar to garnet. Recently some fine African ruby has come on the market, from Tanzania and Mozambique.

What is the form of a ruby’s crystals?

The form of a ruby’s crystals depends on the variety and locality. Rubies may have an uneven or a conchoidal fracture but no real cleavage. The amount of light reflected at the surface of a gemstone is its luster, and Burma rubies have a glassy (vitreous) luster as opposed to the waxy, greasy,…