We have seen an increasing demand for our natural untreated ethical ruby. Is the market on the rise as predicted in this article from the telegraph earlier this year ?
Coloured gemstones are increasing in value as buyers gain an appreciation of their beauty and rarity. Even with the higher prices they command, their availability does not come remotely close to being able to supply the high international demand. So it’s perhaps no surprise that the Jubilee Ruby, the most important ruby of its calibre to be offered for sale at auction in the United States for over 25 years, became the most expensive coloured gemstone ever sold at auction in America when it achieved $14,165,000 (£9.86 million) at Christie’s in New York on April 20th.
The 15.99-carat Jubilee Ruby is the second largest ruby to come up for auction in the last five years and carried an estimate of $12-15 million. To understand why rubies attract such record-breaking prices, it helps to delve into their history.
Rubies were regarded by ancient civilizations to be unquestionably the most precious gemstone in the natural world. The price that was paid for a ruby far outweighed the cost of a diamond, which is understandable as diamonds remained a mystery until man was able to cut the hardest material on earth as late as the 1400s.
Before mineralogy became a science, helped by the services of chemistry and physics, red stones were difficult to distinguish from each other, so spinels, beryls and garnets were often mistaken for rubies. Nowadays gemmologists are able to tell not just what a stone is but where it came from, which makes a difference in the ruby world.
Take a look at our natural gem stones at rubyfair.com
Spinel continues to rise in Price around the globe.
Following on from the record sale price for the Hope Spinel in September Rubyfair.com offers a big saving on its range of spinel for the Xmas period. Whatever you spend on spinel we will match that with the same again free of charge. Spend £100 get £100 of spinel free, spend £1000 you get £1000 free !
Spinel is a becoming better known as an investment gem, but in fact some of the most famous rubies in the world, such as the the Black Prince’s ruby in the British Crown Jewels, are actually spinels and in the far East this gem is already highly sort after.
The most valuable spinel colors are red, hot pink and purple. Red Burmese spinels and the neon pink-red spinels from Mahenge, home of the Rubyfair.com mine, Tanzania have the best investment potential. Rubyfair.com Spinel is completely untreated and prices on fine pieces are due to rise in 2016.
Now ethical sourcing can cover all of the jewellery.
With the availability of ethical gemstones across the product range now, along with ethical and reclaimed precious metals, gone are the days that a jeweller can dismiss the shift towards ethical sourcing as impossible due to a restrictive product range.
Rubyfair.com necklace in 18k gold with ethical ruby and Tanzanite.
In order to help spread the word and introduce jewellers to its range rubyfair.com is commissioning some exclusive one off pieces using its ethical gemstones and reclaimed gold. The idea is to supply these exclusive pieces to the trade so as to showcase rubyfair.com ethical gemstones and allow jewellers to sell a piece without the initial outlay for the gemstones and manufacture. If you are an ethical jeweller and wish to discuss stocking these items please contact rubyfair.com here
An article in The Times last week revealed that The Duchess of Cambridge’s Sapphire engagement ring is believed to have buoyed sales of coloured gemstones. Angelina Jolie, Scarlett Johansson and Felicity Jones have all worn Ruby gemstones on the red carpet. Coloured gemstones are seen as less formal, more fun, and reflect the wearer’s personality more than diamonds.
Jewellers across the country are seeing a strong trend towards bright, vibrant, and colourful gemstones. Diamonds still top the engagement ring category, but coloured gemstones are popular with female shoppers who are buying pieces for themselves, a market that has grown by 25% in the last year.
Women are spending up to £2000 on a piece of statement gemstone jewellery for themselves. Last year a pair of vintage 1930s Ruby Cartier earrings sold for £482,000. Blue shades are especially popular and our Spinel and Tanzanite gemstones are perfect for making that stand out piece.
If you would like to see any of our stones face to face then please contact Richard at Rubyfair.com, on 07515 734313 or e mail on email@example.com.
We at Rubyfair.com were happy to see this article in Diamond World recently, which also made the DailyTelegraph and the Guardian last week. It highlighted the the soaring prices of coloured gemstones which has prompted canny investors to switch from diamonds.
Steve Moriarty just returned from his trip to Tanzanite in November 2014 Prices of tanzanite were at exceptionally high levels in Arusha Tanzania and at the mines in Merilani during my November 2014 trip.
Recent changes at Tanzanite One, the largest mechanized tanzanite mine are the cause of the tanzanite shortage. The Tanzanian Government has taken a larger share of the production of “block C” operated by Richland Resources the parent company of Tanzanite One. Up from 10% to 50% share the Tanzanian Government has stepped in to stop illegal mining from claims bordering block “C”.
Much of the production of Tanzanite was coming from mines surrounding Tanzanite One’s claim. These mines were digging down and then cutting over into the highly productive claim of Tanzanite One. With cooperation from their new partner the Tanzanian Goverment, the military was sent in to close down the illicit mining which has caused the current shortage of Tanzanite.
Currently carat weight has less affect on tanzanite than on other gems like ruby, sapphire, emerald or diamond. If Tanzanite One Group gets more control of the market they have plans to change the pricing structure more like that of diamonds which are more affected by size and quality. China has been showing more interest in Tanzanite and with the vast market in China growing demand could have dramatic effects on the price and availability of Tanzanite. We are currently in 2013 seeing the following approximate price breaks in our inventory. Prices of Tanzanite change quickly and dramatically. Tanzanite showing a noticable green component will be priced significantly less.
Prices Per Carat for Very Good to Good Cut and Si1 to VS Clarity
Example: A 2.00ct. exceptional tanzanite at $600 per carat would cost $1200.
AAA+ is Exceptional Color ~ AAA is Vivid Color ~ AAA/AA is Intense Color ~ AA is Moderate Color ~ A is Light Color
|3.00ct & Up||$650||$550||$450||$375||$255||$200|