Editor’s Note
This article includes expert commentary on the premium valuation of rubies from Myanmar’s Mogok region, citing specific price ranges for different carat weights. Market conditions can fluctuate, and gemstone valuation depends on multiple factors beyond origin and size, including color, clarity, and certification. Readers should conduct thorough due diligence or consult certified professionals before making significant purchases.
Expert Comments
“As mentioned in previous journals, the MOGOK mining area is globally recognized as the superior origin for rubies. A few years ago, the price for medium to high-grade 1-carat MOGOK pigeon’s blood rubies started at 50,000 RMB, while 2-carat stones commonly cost around 200,000 RMB. It’s normal for a 5-carat ruby to be priced over a million RMB.”
“Regarding the recent price increase trend in jewelry, Hangzhou’s renowned jeweler, Uncle Thirteen, also has deep feelings. He told reporters that taking a 10-carat unheated Royal Blue sapphire of investment-collection grade from Sri Lanka as an example, the price for high-quality stones at the beginning of the year was just over a million RMB.”
Market Data
(2) From May 30 to June 17, 2022, the average price of rough ruby material was $2,469 per carat.
(3) Compared to the previous auction price, the price of rough ruby material has increased by approximately 86%.
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