Ruby is a red gemstone that varies from a light pink to a blood red, a variety of the mineral corundum (aluminium oxide). The color is caused mainly by chromium. Its name comes from ruber, Latin for red. Other varieties of gem-quality corundum are called sapphires. It is considered one of the four precious stones, together with the sapphire, the emerald and the diamond.
Rubies are mined in Africa, Asia, Australia, Greenland, Madagascar and North Carolina. They are most often found in Myanmar (Burma), Sri Lanka, Tanzania, Kenya, Madagascar, and Cambodia, but they have also been found in the U.S. states of Montana, North Carolina and South Carolina. The Mogok Valley in Upper Myanmar has produced some of the finest rubies but, in recent years, very few good rubies have been found there. The unique color in Myanmar (Burmese) rubies is described as "pigeon’s blood". They are known in the trade as “Mogok” rubies. In central Myanmar the area of Mong Hsu also produces rubies. The latest ruby deposit to be found in Myanmar is situated in Nam Ya. In 2002 rubies were found in the Waseges River area of Kenya. Sometimes spinels are found along with rubies in the same rocks and are mistaken for rubies. However, fine red spinels may approach the average ruby in value.
Rubies have a hardness of 9.0 on the Mohs scale of mineral hardness. Among the natural gems only diamond is harder (Mohs 10.0 by definition).
All natural rubies have imperfections in them, including color impurities and inclusions of rutile needles known as "silk". Gemologists use these needle inclusions found in natural rubies to distinguish them from synthetics, simulants, or substitutes. Usually the rough stone is heated before cutting. Almost all rubies today are treated in some form (of which heat treatment is the most common practice), and rubies which are completely untreated and still of excellent quality command a large premium. In general we can list the following types of improvements: color alteration, improving transparency by dissolving rutile inclusions, healing of fractures (cracks) or even completely filling them. See Treatments below.
Prices of rubies are primarily determined by color (the brightest and best "red" called Pigeon Blood Red, command a huge premium over other Rubies of similar quality). After Color follows clarity: similar to Diamonds, a clear stone will command a premium, but a Ruby without any needle-like rutile inclusions will indicate the stone has been treated one way or another. Cut and Carat (size) also determine the price approximately like clarity does.