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The earliest source for ruby is in Sri Lanka. Mining began in Buddha’s time (624-544 B.C.) near Ratnapura, which is Sinhalese for “City of Gems.” --Burma: The range of colors in Burmese rubies start from vibrant pink red through orange red, from the deep “pigeon’s blood” red, to purple-red.
The world’s finest rubies come from the Mogok valley of Upper Burma. Within the last five years, a big new find of new rough material was unearthed in Mong Hsu, which depends on heat treatment to bring its beautiful red color. Even though the treated stones can compare in beauty to the natural ones, the untreated Mogok stones remain the most prized. There are certain internal characteristics, namely silk, which soften and “hold” the color in a unique and beautiful way. --Thai: These are the deepest red of all the rubies, sometimes bordering on black. Unheat treated stones exhibit a large proportion of purple which the heat-treatment process eliminates.
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After diamond, ruby is the hardest mineral. Color quality is the key factor in judging a ruby; while flaws diminish a gem’s value, a fine-colored ruby is considered of high quality even if a minor flaw exists; the purest red is the ideal, with no secondary colors of purple or brown, Large rubies are even more rare than large diamonds, so the value of ruby, more so than other gems, increases with weight. Good quality Burmese ruby of 1 carat sizes plus are typically in the range of US$1500 per carat up to US$13,500 per carat. However, you could get similar sized African rubies for US$450 per carat to US$4000 per carat.
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