SPOTLIGHT 市场聚焦 GEMSWORLD | 38 | 2025 The ruby’s striking red colour is among the most revered in the history of gemstones and jewellery. Ruby is also known for its durability, making it a favoured jewellery centrepiece for thousands of years. Myanmar’s legendary Mogok Valley produces the most prized rubies, particularly those bearing the famed “Pigeon’s Blood” colour. Historically, rubies that exhibit excellent colour and clarity are highly sought after. “Buyers also value stones with a strong provenance, like Burmese or Mozambique rubies,” said Tanya Trirotanan, co-founder of Thailand-based ruby dealer Veerasak Gems. Bonhams Director of Jewellery and Head of Department for Asia Stewart Young agreed, adding that Burmese rubies are considered the finest variety, with their rich history, rarity and vibrant red hue. And this is reflected in prices achieved at auctions. “Deeper-red Mozambique rubies are also rising in popularity alongside Thai rubies,” added Young. Market update Rubies move fast, thanks to their innate charisma and investment value but supply is becoming more scarce, specifically that of high-quality rubies with exceptional colour and clarity. Young cited an increase in appetite for coloured gemstones, with rubies leading the way. “Rubies command the highest prices out of any coloured gemstones and, at auction, the per-carat prices of fine-quality rubies have been rising consistently,” he continued. Demand for top-quality rubies is particularly strong in China amid economic challenges. According to Trirotanan, consumers prioritise higher-grade rubies with exceptional colour and clarity. This is also evident across Asia where there is a noticeable shift to purchasing rare, investment gems. Phuket Khunaprapakorn, managing director of corundum specialist Gemburi Co Ltd and vice president of Rubies from Gemburi Co Ltd Gemburi Co Ltd的红宝石产品 | Isabella Yan | RUBIES retain edge in gemstone world 红宝石保持业界优势 Red and captivating, rubies continue to fascinate buyers around the globe. However, with steady demand and limited supply, prices are likely to continue increasing, according to gem dealers. 色泽迷人的红宝石是全球买家梦寐以求的瑰宝。然而，经销商表示由于需求 持续且供应有限，价格可能会继续上涨。
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