Understanding The “Big Three Gemstones”
Currently, only ruby, sapphire, and emerald are considered precious stones. The remaining gemstones are categorized as “semi-precious”. Precious stones are those of “high value”, which means they are priced higher per carat than a diamond. Several factors make gemstones precious. These include rarity, popularity, durability, and of course – beauty.
Ruby
Known for its gorgeous red hue, this stone is a favorite of celebrities and royals around the world. But what is ruby, really? Ruby comes from the Latin word “Rubens” which means “red”.
The precious stone comes in different shades, from pinkish to the most expensive – pigeon blood. Ruby was first discovered in 1973 in Kenya by two American geologists. Since then, it has become one of the most sought-after gemstones. Ruby is one of the most highly-priced gemstones but its value is mostly determined by its color. The finest rubies have a deep red color with a hint of violet, also known as “pigeon blood”. Currently, the largest deposit of high-quality rubies is in Myanmar, Burma. Ruby is the birthstone of July. Through the ages, this beautiful stone has symbolized nobility, bravery, purity, and passion. Due to its color (which is close to the color of blood that carries oxygen to all parts of the body), ruby is believed to help align and lend energy to the body. It is also thought to promote positive energy, spiritual vitality, and wellness.
Emerald
Another attractive choice to grace your jewelry collection is emerald. Like ruby, a high-quality emerald can cost more than diamonds on a carat basis. However, most emeralds in the market have inclusions or imperfections. Emerald gets its radiant green hue from chromium and vanadium.
It can be difficult to find a raw emerald without flaws. That’s why most emeralds undergo treatment to improve their color and reduce imperfections. This precious green stone is truly one of a kind. In the U.S., it’s given as a traditional gift for the 20th, 35th, and 55th wedding anniversaries. Considered to be the “Jewelry of Kings”, emeralds have long been fancied by royal families. We’ve seen Princess Eugenie wore the Greville Emerald Kokoshnik tiara on her wedding day. Even Cleopatra adorned herself with emeralds. But this stone doesn’t just symbolize royalty. It also encompasses wisdom and love. Ancient Romans and Greeks believed the stone represented Goddess Venus. Thus, it is deemed a representation of hope and love. Color, cut, clarity, and carat weight determine the value of emeralds. Those with vivid green or bluish-green colors are the most expensive.
Sapphire
If ruby and emeralds only feature a single color, sapphire boasts of different hues. These gorgeous stones can be found in many parts of the world but they are mainly sourced from Kenya, Cambodia, Columbia, and India. Like ruby and emerald, color is the greatest determinant of a sapphire’s value.
Generally, sapphires with more intense and uniform colors are the most valuable. The most famous royal blue sapphire is that of Princess Diana’s engagement ring which is now handed to Kate Middleton. Those that are not blue are called “fancy sapphires”. They include the popular “ruby sapphires” (pink), orange, yellow, green, and purple. Precious Sapphires are known to symbolize wisdom, virtue, and good fortune. They also mean sincerity, faithfulness, and holiness (for royals). In the ancient and medieval eras, sapphire (which has a heavenly blue color) signified the height of celestial hope and faith and believed to bring good fortune, protection, and spiritual healing. That’s why tons of eternity bands are made of sapphires and other “members of the three big gemstones”
Value
A fine quality ruby is generally more expensive than most sapphires and emeralds, with record prices of up to $1,000,000 per carat. Sapphires can cost anywhere from $1,000 to $11,000 per carat, but you’ll find good-quality stones at $450 – $1,200 per carat. Emeralds range from $525 to $1,125 per carat. However, note that several factors affect the price of a gemstone, including color, carat weight, and clarity.
Popularity
All three are extremely popular and are getting more popular each day. Like diamonds, gemstones make beautiful additions to your jewelry collection. Choosing the stone for you depends on several factors, including your lifestyle and personal preference.
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