One of the most expensive gemstones is ruby. It is a member of the corundum mineral family. Ruby comes in a variety of colors, including red, dark red, blood red, reddish pink, and pigeon blood red. Chromium is a component that gives it its color. It is one of the most expensive precious stones available today. Various shades of red with remarkable brilliance and saturation can be found in rubies. The Ruby stone price is also based on these differentiating factors.

Numerous different types of rubies are categorized based on their hue, tone, saturation, and intensity. Ruby is a type of corundum, which has a Mohs hardness rating of 9. Rubies can also be divided into subcategories based on their form and country of origin, including Burmese, Thai, Tanzania, Madagascar, and Africa. These several varieties of ruby stones can vary greatly from one another.