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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rough Ruby Market Share
Rubies up to 8 carats are more commonly used by jewellers as they comparatively cost less
Rubies up to 8 carats constitute the largest share of the market due to their abundance and widespread availability. These smaller rubies are commonly used in distinct type of jewellery, such as rings, earrings, and pendants. Rubies over one carat are considered rare, while those over two carats are even rarer and more valuable than sapphires of the same size. The rarity and cost increase exponentially for rubies larger than 3 carats as they are difficult to find. As a result, jewellery pieces often incorporate multiple smaller rubies rather than a single large one, due to the excessive cost of larger rubies.
In contrast, rubies in the 8-12 carat range are less common and highly sought after for their rarity and potential to yield larger polished stones. As per rough ruby market analysis, these rubies are often used in high-end jewellery pieces and command higher prices due to their scarcity. Meanwhile, the rarest and most valuable segment of the market comprises rubies in the 13-15 carat range. These larger rubies are highly coveted for their potential to yield exceptionally large and high-quality polished stones, making them desirable for collectors, connoisseurs, and luxury jewellery brands.
Direct auction channels hold a significant market share as they provide transparency and direct engagement with buyers
Direct auction sales channels are a significant component within the rough ruby market report as they provide a platform for direct transactions between sellers and buyers. These auctions offer transparency, enabling competitive bidding for rough rubies. Companies utilising direct auction sales channels benefit from reaching a diverse range of potential buyers, including collectors, jewellery manufacturers, and investors.
On the other hand, indirect sales channels play a vital role in distributing rough rubies globally through intermediaries like wholesalers, retailers, and online platforms. These channels offer convenience and accessibility to a broader consumer base, catering to individuals seeking rough rubies for personal use or investment purposes.
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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