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Labs and the Trade: Alternate Viewpoint, Same Goals

Apr 24, 2024

Phornravee Srimokra
Marketing Coordinator
ICA | GemLab

Exploring the Dichotomy: Gemological Precision vs. Market Aesthetics in Evaluating Rubies

Rubies are known for their fiery allure and deep cultural significance. Their story spans millennia and continents. This article explores the rich tapestry of the ruby's journey, from its ancient origins to its modern-day significance. We begin by diving into the history and origin of rubies, uncovering their early discovery and the legends that have grown around them through the ages.


Navigating the fascinating perspectives of gemology in comparison with the market of these red jewels reveals how different lenses interpret the value and allure of rubies. Understanding how different ruby qualities impact the price of rubies is key in this exploration, as it ties the scientific understanding of these gemstones to their market value. Also, how ICA | GemLab supports the gemstone trade through our work verifying authenticity and providing expert analyses, we bridge the world of rubies and the practical realities of the gemstone market. Join us as we journey through the captivating world of rubies, where beauty, science, and market forces intertwine.

 


Rubies have been revered across cultures since ancient times for their beauty and are believed to possess healing powers. They were called the "king of gems" in India, symbolizing life force and vitality. Different cultures have given them various titles, such as "gentle fire" and "flow of life." Some cultures distinguish between high and low-quality rubies to preserve their purported energy.


These red gems were discovered in Burma's Mogok region around 2500 BC and were highly valued and reserved for Burmese royalty. Historical records indicate that rubies were traded along the North Silk Road in China as far back as 200 BC. Chinese aristocrats often embellished their armor with these gems, believing that rubies provided them with protective powers.


Rubies continued to fascinate explorers in the Middle Ages, and negotiations for a single stone could last for months. European royalty also prized rubies, as seen in King Henry VII's ruby necklace and Britain's crown jewels. Today, rubies from Burma remain among the most valued and sought-after varieties.


Today's gemological advancements have brought clarity and transparency to the industry. This progression towards responsible and transparent practices continues to uphold the high value and fascination associated with rubies, bridging ancient mystique with modern science.



Market Perspective vs. Gemological Perspective of Rubies

Gemological Laboratories and traders evaluate rubies from different perspectives, indicating different priorities and approaches. Laboratories prioritize scientific accuracy and focus mainly on rubies' attributes. On the other hand, traders have a market-centric perspective and value rubies based on their aesthetic and commercial appeal.


Laboratories approach the evaluation of rubies with a focus on scientific and chemical analysis, adhering to neutral and balanced principles. Color assessment and examining the gemstone's hue, tone, and saturation are vital, with trade terms like "Royal Red" or "Pigeon Blood" used for precise categorization and recognition in the market. The Origin of the ruby is another key factor impacting its characteristics and value, with information stored in extensive databases. Clarity is critically analyzed, where inclusions become informational and sometimes desirable features. The treatment of rubies, such as borax or lead glass filled, is studied for its implications on appearance and structure, contributing to the advancement of gemological knowledge. However, carat and cut can be more informational than influential in gemology, as they do not significantly affect labs' scientific results. Laboratories maintain neutrality in their assessments, ensuring opinions and results are impartial and rooted in scientific facts.

Traders, understandably, place significant importance on rubies' aesthetic and marketable aspects. The charm of specific color grades, like "Pigeon Blood," plays a critical role in attracting buyers, with the intensity of color directly influencing a ruby's market value. Origin also holds substantial weight in the trade sector, as rubies from famed or depleted mines command high prices. Traders prefer natural and minimally altered gemstones, valuing eye-clean rubies and those with favorable inclusions like rutile silk, which creates a cat's eye or star effect on the gemstone. Some treatments are more accepted in the trade, as they can enhance beauty and meet market demands. The price and rarity of a ruby is determined by its weight in carat, while its cut enhances color and reflectivity. Traders' decisions are guided by market trends, consumer preferences, and the rarity of the gemstones mined to meet the demand and ensure a consistent flow of business.


The assessment of rubies represents a confluence of scientific rigor and market trends. Gemological Laboratories provide traders with accurate, neutral information and authentication reports, supporting informed decision-making in product creation and trading. Treatment and filtering of gemstones are crucial for the market, facilitating faster and more precise grading that benefits traders. ICA | GemLab provides services beyond single-stone reports, including bulk sorting for color, type of treatment, and natural versus synthetic stones. The market, traders, consumers, and laboratories all play essential roles in the journey of rubies from their natural formation to their final presentation in the market.


Rubies stand out for their rich historical and cultural significance. From their origins to their esteemed status in the modern gemstone market. The advancement of gemological science has played a pivotal role in revealing the true nature of rubies, distinguishing them from similar stones, and enriching our understanding of their intrinsic nature. This journey from ancient myths to royal exclusivity to today's revered status intertwines history, culture, science, and economics, showcasing the enduring appeal of these precious stones. Ultimately, rubies represent a profound human connection to the Earth, our past, and our constant pursuit of beauty and knowledge.


The relationship between laboratories and traders is essential in understanding the gemstones and the jewelry industry. Laboratories play a critical role in upholding standards while providing dependable gemstone analysis. This builds trust between traders and consumers.



How ICA | GemLab Supports the trade

ICA | GemLab stands at the forefront of the gemstone industry with its rapid and precise evaluations. The laboratory plays a crucial part in verifying the authenticity of gemstones. We have a team of expert gemologists, researchers, and advanced instruments deployed to provide clarity to the wider gemstone and jewelry market.


Our focus on ethics, transparency, and responsibility resonates throughout our operations, reflected in the tailored services provided to traders seeking unique tailored services to the everchanging treatment landscape.



This expertise in gemstone treatment and origin determination is shared with traders through our Journal, GAMMA. This easy-to-understand publication appeals to both industry professionals and those outside the field. The journal supports miners and online advancements within the industry, making it accessible to a broader audience.


As the lab continues to enhance its knowledge and database, it remains an invaluable resource for maintaining transparency of the gemstone market, thereby supporting the wider gemological community.

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