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
Consumers are now more aware of ethical issues. A recent IJL consumer survey revealed that the ethical issues surrounding the production and manufacture of jewellery are now seen by the survey respondents as major concerns. This trend is possibly spurred by the Leonardo DiCaprio film, ‘Blood Diamonds’, which brought blood diamonds, ‘Conflict Gems’ from war-torn countries, and worker exploitation to the fore. Three-quarters of the respondents comment that they are prepared to pay a premium for Fairtrade jewellery that has been ethically sourced.
The ethical strand which has run throughout the this year’s show has seen: