Ruby Price Per Ounce

In general the greater the carat weight the more your ruby is worth.

Ruby price per ounce.

The spot price of silver is always higher than the bid price what dealers pay for silver per ounce and always lower than the ask price what you will pay a dealer for silver per ounce. With a hardness of 7 5 to 8 on mohs scale it s one of the hardest gemstones. An old burmese ruby weighing between and 1 carat with dark red or deep pink color and minimal inclusions can price anywhere between 70 000 to 1 15 000 per carat 1 300 to 1 600. All natural rubies have imperfections in them including color impurities and inclusions of rutile needles known as silk.

Slpr 5 6 6 6 7 5. Synthetic rubies also exist and are sometimes used as a substitute for naturally occurring gemstones. The red color is caused mainly by the presence of the element chromium. The price for the same colored gemstones may vary from as little as 10 per carat upto even 10000 per carat depending upon the quality and several other factors.

Large transparent rubies are particularly rare. And for the classic colored gemstones the classic big three of colored gemstones rubies emeralds and sapphires the costs increase dramatically as the quality and size of the gem. Big high quality specimens can be extremely expensive their price can go up to several thousand usd per carat. As of may 2015 the record price for a ruby is approximately 2 million per carat.

Price per carat increases significantly as carat weight increases. Nevertheless it s also brittle and a strong hit or extreme temperatures could make it crack so it should be handled with care. The difference between the spot price and the ask price is known as the premium of silver per ounce. 18 karat gold price per gram per ounce and per tola bar the precious metal gold measured by troy weight and by grams.

Of course natural ruby s price is much higher compared to synthetic versions. Though it s likely your ruby is not this large your stone s carat weight will still have an impact on its value. The world s largest ruby an 18 696 carat stone weighs approximately 8 2 pounds. When it is alloyed with other metals the term carat or karat is used to indicate the purity of gold present with 24 carats being pure gold and lower ratings proportionally less.

Emerald s price is very high due to its rarity. Likewise a one carat fine quality mozambique ruby can draw up to 90 000 1 200 to 1 400. No trade data available. Ruby per ounce price.