Today, these mines are virtually depleted, sending the price of prized Burmese rubies sky high. Add to this the protracted US embargo on goods from Myanmar and it is easy to understand why gem hunters have turned elsewhere in their quest for the perfect red gem. And so it is that African rubies are coming into their own and increasingly adding their flash of rich red to high jewelry pieces.
“Everyone dreams of a 10 carat Burmese ruby ring,
but not everyone can pay £15 million for one,” says Jeremy Morris of London’s David Morris, a reflection on the colossal prices that top-quality rubies can fetch. Only last year the record price of $8.6 million was paid for an 8.6 carat Burmese ruby ring, previously the property of Greek magnate Dimitri Mavrommatis.
African rubies are starting to take up the void left by the Burmese, and the African ruby that caused the biggest stir last year was a 15.29 carat oval-shaped Mozambique gemstone. The ruby sits plumb center in Cartier‘s impressive Reine Makéda multi-strand ruby necklace, which was presented at the prestigious Biennale des Antiquaires. This spectacular jewel was the star of the Royal collection of haute joaillerie, which gathered precious stones and those of regal provenance, and incorporated them into high jewelry creations. With African rubies taking such a prominent role, it is difficult to ignore the importance of these colored gemstones.
Gemfields, a mining company dedicated to conquering the colored gemstone market, has added a larger number and more consistent quality of rubies to the supply chain, from its Montepuez ruby mine in Mozambique. This new source is having a considerable impact on the global ruby market. Last December, Gemfields reported that its auction of Mozambique rubies raised $43.3 million – the highest in its history.
Whatever the origin of a ruby, and they can be found on several continents, it is the “pigeon’s blood” ruby that sets the gold standard, and traditionally these have been from Burma. “Pigeon’s blood” is a term used to describe a particular hue of ruby, regardless of its origin, which is used by gem laboratories and dealers to classify stones.
André Abadjian of Star Diamond Private Jeweler, which offers both Burmese and African rubies to its clients, explains: “Before, it was mainly just Burmese rubies that people wanted but, in the last few years, with the discovery of ruby mines in Mozambique and Tanzania, people have started to like them because of the beautiful quality and, of course, the price.”
And is there a difference between the famous Burmese rubies and African ones? Burmese are known for their fluorescence, which makes them appear to glow – a characteristic that is particularly visible in pigeon’s blood varieties, which emit a purple-hued glow. “The slight difference is the color,” explains Abadjian, who spends his days looking at precious stones. “The Burmese are a rich red and the African rubies have a small touch of purple. You can tell the difference between an African and a Burmese ruby, except those from the Windsor mine in Tanzania, which are very close to the Burmese.”
The slightly lighter pink of some African rubies is also appealing to a younger clientele and opens the scope to new color combinations in jewels. Houses such as Bulgari and de GRISOGONO are embracing African rubies, which look like they are here to stay.