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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Companies in the Rough Ruby Market
Market players are actively engaged in offering high-quality rough rubies while also emphasising responsible business practices.
Gemfield Plc, a renowned provider of coloured gemstones from ethical sources, has its global headquarters in London, United Kingdom. At its facility in Mozambique, Gemfields unveiled one of the most cutting-edge coloured gemstone sorting centres in the world. The company also has interests in emerald, amethyst, and pink tourmaline gemstones.
FURA Gems, established in 2017 is a mining and marketing firm for coloured gemstones with its main office in Dubai, United Arab Emirates. The company is involved in the purchase and exploration of coloured gemstone resources. Its emeralds, rubies, and sapphires are mined in Australia, Mozambique, and Colombia, respectively.
Gem Rock is an emerging company in the market for mining of coloured gemstones. The company focuses on exploration, development, and mining of coloured gemstones. With an extensive presence in Mozambique since 2004 for ruby mining, the company has expanded to develop projects for gold, graphite, and emerald.
Mwiriti Limitada was founded in 2005 and its headquarters are in Cabo Delgado, Mozambique. It offers services related to geological exploration. The company’s focus areas include mining, agriculture, tourism, and energy. In the mining sector, they specialise in precious stones and metals.
Other key players in the global rough ruby market include Gem Bridge, among others.
Rough Ruby Market Report Snapshots
Rough Ruby Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The rough ruby market value is expected to grow at a CAGR of 5.00% between 2024 and 2032.
The major drivers of the market include the rising demand for jewellery and decorations featuring rubies and rising consumer disposable incomes.
The popularity of ruby stone in crystal healing, rising consumer belief in astrology, and growing demand of rough rubies in gemstone collections are the key trends propelling the growth of the market.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The value of a raw ruby depends upon the clarity and carat, with raw rubies of fine quality estimated to be worth USD 1,000 per carat.
The hue of the finest rubies ranges from bright, pure red to slightly purplish red. In most marketplaces, rubies with only red overtones sell for less money than those with orange and purple undertones.
Rubbing a rough ruby across a hard yet smooth surface such as glass can be an indication of authenticity as real rough rubies would not leave colour behind, whereas imitations may leave a colour residue.
Based on carat, the market can be segmented into up to 8 carat, 8-12 carat, and 13-15 carat, among others.
Based on sales channel, the market is segmented into direct auction and indirect, among others.
Key players in the market are Gemfield Plc, Gem Bridge, Mwriti Limitada, FURA Gems, and Gem Rock, among others.
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