How much does a red ruby cost?

Answer 1

The cost of a red ruby varies significantly based on factors such as size, quality, and origin. High-quality rubies can range from $1,000 to $5,000 per carat, while exceptional stones from Myanmar can exceed $10,000 per carat. Smaller or lower-quality rubies may be available for much less, anywhere from a few hundred to a couple thousand dollars. Always consider certification and grading to ensure value.