Ruby vs. Diamond Price – What’s the Difference?

If you’re thinking about purchasing a gemstone as a gift, you might be debating whether to go with a ruby or a diamond. Because diamonds and rubies are both considered valuable gemstones, the two prices are nearly identical. However, the quality and type of treatment applied to these gemstones are the most significant differences between them. When it comes to rubies, inclusions are a common problem. Inclusions can bring down the price of ruby, but they do not affect its overall value.

Numerous factors must be taken into consideration when comparing the two gemstones. Both gemstones have a moderate hardness and will not easily scratch. You can purchase expensive rubies for people who have high standards of taste and less expensive rubies for those on a tight budget. On the other hand, the diamond is the superior choice if durability and value are the most critical factors in determining a stone’s worth. Diamonds are, in general, a superior choice over other gemstones.

Ruby

Ruby is a gemstone that ranges in color from pinkish-red to blood red and is a variety of the mineral corundum (aluminum oxide). Ruby is a very durable gem and one of the most famous traditional jewelry gems, and Sapphires are other gem-quality varieties of corundum. Ruby, along with amethyst, sapphire, emerald, and diamond, is one of the traditional cardinal gems. The word ruby comes from the Latin word ruber, which means “red.” The element chromium is responsible for a ruby’s color.

Despite their famous or historical names, some rubies, such as the Black Prince’s Ruby in the British Imperial State Crown, are spinels. These were previously referred to as “Balas rubies.”

The color, cut, and clarity of a ruby determine its quality, which affects its value along with carat weight. Blood-red or pigeon blood, the brightest and most valuable shade of red, commands a significant premium over other rubies of comparable quality. The following color is clarity: a clear stone will command a premium, similar to diamonds, but a ruby without any needle-like rutile inclusions may indicate that the stone has been treated. The traditional July birthstone is ruby, typically pinker than garnet, though some rhodolite garnets have a pinkish hue similar to rubies. The Sunrise Ruby is the most valuable ruby ever sold at auction.

Diamond

Diamond is a solid form of carbon with atoms arranged in a diamond cubic crystal structure. Another solid form of carbon known as graphite is the chemically stable form of carbon at room temperature and pressure, but diamond converts very slowly. Diamond has the highest hardness and thermal conductivity of any natural material, qualities that make it ideal for cutting and polishing tools in the industry. They’re also why diamond anvil cells can expose materials to pressures found deep underground.

Because diamond’s atom arrangement is so rigid, only a few types of impurities can contaminate it (two exceptions are boron and nitrogen). Diamond blue (boron), yellow (nitrogen), brown (defects), green (radiation exposure), purple, pink, orange, or red are the colors of small numbers of defects or impurities (about one per million lattice atoms). Diamond also has a relatively high optical dispersion and a very high refractive index.

The majority of natural diamonds are between 1 and 3.5 billion years old. The majority formed between 150 and 250 kilometers (93 and 155 miles) deep in the Earth’s mantle, though a few came from as far as 800 kilometers (500 mi). Carbon-containing fluids dissolved various minerals and replaced them with diamonds under high pressure and temperature. In volcanic eruptions, they were carried to the surface and deposited in igneous rocks known as kimberlites and lamproites much more recently (hundreds to tens of millions of years ago).

Ruby vs. Diamond Price

In general, rubies are considerably less expensive than diamonds. Nonetheless, high-quality rubies with exceptional natural color tend to command prices comparable to diamonds – or even higher, don’t be surprised!

It is possible to spend upwards of $7000 on the natural ruby from Burma, which has a “blood pigeon” red color and a 1.5-carat weight. Another expensive option is the red ruby, which can purchase for well over 50,000 dollars. This diamond is also 5.0 carats in weight and has a “blood pigeon” red hue.

Round rubies created in a laboratory can be purchased for less than $1000, making them an excellent choice for those on a budget. The majority of these rubies are still considered members of the corundum family, and they have a lovely pinky-red tinge to them. You’ll also notice that most lab-created rubies have a diameter of 6.5 mm, which is equivalent to a 1.5-carat gemstone.

Natural and certified diamonds are costly, and most of them are extremely rare. For example, a small diamond with a diameter of 2.88 mm will cost you at least $8000 and possibly even more. This is a more affordable option with a pinky-red color and an orange undertone.

A fancy red diamond with slightly more than a carat certified by the Gemological Institute of America (GIA) will sell for $20 000 or more. Another natural marquise diamond with 5.0 carats that has been color enhanced and certified by the Gemological Institute of America (GIA) will cost you up to $70,000.

Ruby vs. Diamonds: Which is Better?

As an alternative to diamonds in engagement rings and other jewelry, Rubies are becoming increasingly popular. The following are the differences between rubies and diamonds:

Color

 The most noticeable distinction between ruby and diamond is their color. The majority of diamonds are white or colorless, but a small number are yellow, pink, champagne-colored, or, in rare cases, even red.

Rubies are only found in the color red. However, they can differ in tone, saturation, and secondary colors, which means that some rubies may be pink, brown, purple, or orange in coloration, depending on the variety.

Brilliance

Unlike diamonds, rubies are not typically prized for their brilliance, and they will not display the same brilliance or fire that a diamond will. Instead, the color of a ruby is the most critical factor in determining its beauty and value.

Hardness

In terms of hardness, diamonds outperform rubies, scoring a ten on the Mohs scale to a nine for rubies. Both are hard gemstones that will not be easily damaged even if they are worn daily.

Cost

For the reasons previously stated, rubies are typically significantly less expensive than diamonds. Some rubies, particularly those with exceptional natural color, can command prices comparable to or even higher than those of diamonds.

Tradition

Diamonds are frequently associated with romance and engagement, whereas rubies are more commonly associated with birthstones and anniversaries. Ruby engagement rings are becoming increasingly popular, which indicates that this is changing.

Clarity

Let’s look at some of the properties of rubies and diamonds now that we’ve covered the basics. Rubies and diamonds, like all gemstones, have characteristics that distinguish them, and the clarity of rubies and diamonds is one factor that distinguishes them.

Rubies have more flaws than diamonds, which is an interesting fact to know. Professionals refer to these flaws as birthmarks or inclusions, affecting the gemstone’s clarity. As a result, they’re graded on a smaller scale with only four points.

Diamonds, like rubies, almost always have inclusions beneath their surface. They are, however, graded on an eleven-point scale rather than a four-point scale.

Inclusions are usually removed from diamonds, and experts drilling pathways accomplish this through the diamonds. The inclusions are then removed by pouring acid into the diamond. While this procedure removes the inclusions, it reduces the diamond’s clarity.

Cut

The cut of a gemstone is something we hear a lot about, and the cut refers to the shape that a gemstone is given. You’ll choose a cut to adorn the type of jewelry you buy when shopping for engagement rings or other jewelry pieces.

The cut of rubies and diamonds differs significantly, and the cut influences the price of each of these types of gemstones.

The cut of a ruby lowers the price and quality of the stone, and they’re usually cut as soon as they’re taken out of the mine. The gem is known as a native cut ruby when this happens. When a ruby’s color is enhanced or its refraction is improved, the cut can affect the gemstone price, though this is uncommon.

Unlike rubies, the way a diamond is cut is one factor that positively influences its price. This is because it can potentially alter the appearance of the gemstone drastically. Diamonds are frequently purchased for their specific cut. On the other hand, Jewelers consider the gem’s weight when cutting it.

Carat Weight

While gemstones come in various carat weights, diamonds and rubies have a few differences in carat weight, primarily due to the ease with which. Can find one or both of these gemstones.

Rubies weighing more than 1.0 carats are far rarer than diamonds of the same weight. A ruby’s carat weight will increase its overall weight like a diamond’s carat weight does.

Can polish only one diamond out of every million mined into a 1.0-carat gem. As a result, many relatively large diamonds but have a much lower carat weight exist.

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Which is More Valuable, a Ruby Or a Diamond?

Rubies are significantly more challenging than diamonds, but only in gem-quality form. The mineral responsible for creating rubies, sapphires, and emeralds is more common, but the deep red color that rubies are known for is rare. They’re much less common in jewelry than diamonds, which are readily available in large quantities and at affordable prices.

What Exactly does the Ruby Represent?

In ancient times, rubies were thought to bring wealth and prosperity. Rubies were used to decorate many ancient crowns because they symbolized good fortune and bravery and were popular choices. The deep red color of the ruby is also associated with feelings of love, passion, and raw emotion. Humans have long believed that rubies contain Mother Earth’s blood drops, and this belief dates back thousands of years.

Who is Permitted to Wear Diamonds?

Tauruses are required to wear a diamond. According to legend, the diamond is the most auspicious gemstone for this zodiac sign. Diamonds have several advantages for people born under the sign of this zodiac. Diamond is also considered lucky for people born under the sign of Gemini because Venus is located between the fifth and the twelfth houses of this zodiac sign.

What is the Best Way to Tell if a Ruby is Genuine?

Rubies have a hardness of 9 on the Mohs scale, making them difficult to scratch unless you use a diamond. Other gemstones and imitations are more delicate in comparison. You can scratch the surface of your ruby with a coin to see if it leaves marks; if it does, you most likely have a counterfeit. Genuine rubies will not be scratched by keys or coins, unlike imitations.

Conclusion

Even though diamonds are more durable than rubies, they are more affordable. . You can purchase a one-carat ruby for as little as $820 and purchase a comparable-sized diamond for up to five times the price. The disparity is even more pronounced in the case of high-end rubies. A 5.0-carat red ruby can fetch up to $50 000 in Burma, which is comparable to the cost of a large oval-shaped diamond of comparable size. When comparing the two gems, the first thing to consider is where they came from. Ruby is a natural gemstone found in many different parts of the world. The majority of them are mined in South East Asia, including Thailand, Myanmar, and Afghanistan, among other countries. The majority of the world’s supply comes from Burma and South and Southeast Asia countries. To avoid this, the price of a Burmese ruby is not readily available.