Selling Rubies
A ruby, it is said can be even more valuable than a diamond, dependent on the richness of its color. A ruby that is deep in color will be very much more expensive than a lighter colored stone. The most valuable rubies that come in deep blood red is known as the pigeon blood ruby while there are rubies that range from a dark red to pink and even to orange and some with a purplish tint to them. It’s seldom that you find a perfect ruby with no inclusions at all and if you do come across one, be careful before you buy it because it might have been treated with heat or color enhanced to improve its look, but in truth will only decrease its value.
Rubies are also cut in different shapes and the grade of the cut too has a say on its value. According to experts, high quality rubies have a depth of 65 to 80 per cent with those mined in Thailand, India and Kenya being more translucent. Selling rubies are easy since there is always a market for this very precious stone which is second only to diamonds. It is said that antique rubies have even a better market and if you have one that is of high quality as well, you do have a treasure in your hands.
If you have a quality stone and is wondering how to sell your ruby, the best advice that can be given is to sell it through an auction or as a private deal. Selling rubies through a dealer is not a good idea because you will definitely not get a good price for them. The dealer will buy it from you at a cheap price and resell it to another dealer at a higher price.
One of the basic facts on selling rubies is that first, you must get your rubies valued by an independent gem laboratory and obtain a certificate of authentication together with the details of the stone including its quality and value. This will enable you to command a higher price for your rubies which no one will fear to buy because of the certificate. Offering it to an auction is also a good way to get the best price for your rubies. Make sure you set a reserve price but be patient, since if the ruby is very valuable it might take quite some time for it to be sold because it’s not everyone that can buy a valuable ruby these days.
When speaking of auctions, your ruby, if very large and extremely valuable, would fetch a good price at Sotheby’s or Christies House of auction. These well known auction houses would place your rubies for sale along with other gems of value where only the very rich buyers, millionaires and collectors would be present at the bidding. For something on a more moderate scale, your best option is to sell it on either e-Bay or Bidz which happen to be two of the most successful and popular online buying stores. By following one of the above procedures; you should have no problem in selling your rubies to get the best price possible.