Rubies, Emeralds and Sapphires

RUBIES

The term ‘ruby’ derives from the Latin word ‘ruber’ which means red and is the birthstone for July.
People tend to connect rubies to a very deep red colour however this colour can vary from shades of red to a light pink.  If your ruby is described as ‘Pigeon Blood Red’ then you are onto a winner!  These are well sought after and worth a great deal of money.

In December 2010 a ruby ring of 9.20cts was sold at Christies in London.  The ring was part of The Portland collection and was sold for an incredible £2,169,250, which far exceeded its estimated value of £400,000-£600,000.

EMERALDS

The name emerald comes from the Greek word ‘smaragdos’ via the Old French ‘esmeralde’ which translates literally to ‘green gemstone.’  The precious stone has been held in high esteem since ancient times.

Emeralds can be found in countries such as South Africa, Brazil, North Carolina and Colombia.  Colombian emeralds are well known to be of great quality and perfection.  The green colour signifies good luck and fortune and is the birthstone for May.

An Emerald and Diamond Brooch originally belonging to Catherine the Great was recently sold at a Christie’s auction.  The brooch, which is centred upon a hexagonal-cut emerald surrounded by a double row of rose cut diamonds followed by a row of old mine-cut diamonds, made an incredible total of $1,650,500.

SAPPHIRES

The term ‘sapphire’ derives from the Latin word ‘sapphieros’ meaning blue.  The sapphire symbolises trust and loyalty making it a popular choice for engagement rings.  These precious stones can be found in countries such as India, Burma, Ceylon, Vietnam, Africa, Thailand and Brazil.

At a Sotheby auction a collection of Wallis Simpson’s jewellery reached an amazing total of £4.5m.  One of the items sold was a ruby, sapphire, emerald, citrine and diamond Cartier flamingo clip which was sold for £1,721,250.

About the Author:

Jay wrote about luxury asset trends for Borro Private Finance