Fine-color, large, and eye-clean (lacking visible inclusions) rubies like this 11.01carat (ct) stone from Myanmar (formerly known as Burma) are extremely rare and valuable.
Ruby can command the highest prices of any colored gemstone. The per-carat prices of fine-quality rubies have been rising consistently, many times breaking auction records.
For better-quality material, slight differences in color can make significant differences in value. For top-color ruby that’s also free of eye-visible inclusions, the price rises even more.
The per-carat price of ruby can also increase dramatically as size increases, especially for better-quality stones.