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The price of ruby can vary significantly based on factors like quality, size, and origin, but as of recent data, rubies generally range from $200 to over $1,500 per carat. Since there are approximately 28.35 grams in an ounce and one carat equals 0.2 grams, the cost per ounce can range from about $14,175 to over $106,000, depending on the quality of the stones. However, these values can fluctuate with market trends and demand.
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5 cent per ounce
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