The ruby market is going through a huge change right now. For decades Burma has supplied most of the world's fine and commercial-quality ruby but as supplies there have dwindled a new deposit in Montepuez, Mozambique has exploded onto the scene. What is most exciting to me as a gemologist is that the majority of rubies from this mining area do not require treatment. They aren't heated, or heated with chemicals, or infused with oil or resin in order to increase their beauty. They just don't need to be! Only a few short years ago if you wanted a 3-carat ruby with no treatment, you would be limited to a Burmese stone that would cost as much as a very nice house in many Western countries. Because Mozambique is producing such an amazing quantity of stunning stones, prices have come down as this material makes its way onto the market. What is just as exciting is the way it is mined and distributed by Gemfields. The process is entirely transparent to ensure that the source country participates in their own natural wealth instead of being exploited by shady deals, as so often happens with gemstones. Rough ruby is sold at public auction in Singapore, ensuring that the taxes are paid and the Mozambican government gets their fair share.
We don't have any guarantee that the current system will go on forever though. Mozambique has had its fair share of political and economic strife and we can't be sure that the mining concession with Gemfields will stay in place. But for now, you can buy some amazing ruby for much, much lower prices than you've ever been able to in the recent past. Let me show you a 3-ct sized stone that is available at the moment:
This stone has an independent report from one of the world's foremost ruby experts, Dr. Adolf Peretti (GRS/Swisslab). He is known for his encyclopedic research in ruby and sapphire so it is easy to find his research online. Note also that he calls this stone "pigeon's blood", which is the most desirable and rare color of fine ruby. Don't think of it as a needle in a haystack, but rather a bit of hay in a haystack! Ruby of such intense color is extremely rare. It's even more amazing when you consider that it didn't require heat or any other treatment to produce this color- this crystal was mined from the earth in northern Mozambique, cut and polished ONLY.
I am asking $37,880 for this stone. Please inquire for details, or if you would like a one-carat or two-carat stone (or a five-carat stone!) just ask. If I have the stone that you want in inventory I can give you a price and details, and if not I can visit some of the other dealers here in the gemstone district of Silom and I can find the right stone at the right price.