Is My Ruby Worth Anything?
Rubies are nothing short of beautiful and they have become one of the most sought-after gemstones all over the world. Rubies are one of the four precious gems that make up the group. The other three are sapphires, emeralds, and diamonds.
Ready for a fun fact? The word ruby is derived from the word rubens, which means red. Rubies are red. Dating back hundreds of years, people believed that rubies were a symbol of protection and power, and many soldiers would wear them to help keep them safe.
If you have a ruby or two that you no longer want, you may be wondering if it is worth it to sell ruby jewelry. Below, we will discuss more about rubies and how much yours may be worth.
Is My Ruby Worth Something?
The short answer is yes. Rubies are worth something, but what they are worth will vary depending on several different factors.
Oversized rubies with a large carat weight sell for a lot of money. In fact, they often sell for more than what a similarly sized diamond would. However, rubies that are large in size are quite rare to have or find, so it is unlikely that yours is that big.
Another factor influencing the price is the color. The most desired rubies are a deep red color and often have a hint of blue in them as well.
The best way to know what your ruby is worth is to have it appraised by a qualified jewelry buyer. They can inspect and appraise the ruby for you and give you insight into why it was appraised at the value it was.
Fun Facts About Rubies
Now that you know your ruby is worth something, here are some interesting and fun facts about rubies that you may not know.
- Rubies are found throughout the world; however, commercially sold rubies are often mined in Thailand and other locations in Asia.
- The most expensive ruby that was ever sold was 32.08 carats and dubbed the Hope Ruby. It sold for $6.74 million. The second most expensive ruby sold was used in a ring crafted by Van Cleef & Arpels and sold for $4.2 million.
- Rubies glow and do so in sunlight. The reason behind the glow is due to the ultraviolet rays. When the UV rays hit the chromium inside of the ruby, it glows and it sure is beautiful. This is one of the reasons why people love them so much.
- Many people do not know this, but rubies and sapphires are actually the same stone – Corundum. They both share identical chemical properties. The biggest difference between the two is their color and that is the only thing that sets them apart.
Sell Your Ruby Jewelry Today
If you are selling ruby jewelry, make sure to work with a reputable jewelry buyer. At NYC Jewelry and Watch Buyers, we specialize in purchasing rubies and can appraise yours today. We are always ready to buy ruby earrings, bracelets, rings, and necklaces. Give us a call today to schedule an appointment or feel free to stop in.