There are many reasons why precious metals, such as gold and silver, are more valuable than rubies. Precious metals are rare, durable, and have a number of uses. They are also easy to trade and transport.
Gold is a chemical element with the symbol Au (from Latin: aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally. In a pure form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal. A relatively rare element, gold is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy, but gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after 1971. A total of 197,576 tonnes of gold exists above ground, as of 2019.
Silver is a white metal that is soft, ductile, and malleable. It has the highest electrical conductivity of any element and the highest thermal conductivity of any metal. Silver is found in nature in silver nuggets, as silver foil and silver wires. It is used in jewelry, photography, medicine and coins.
Platinum is a dense, stable and rare metal that is often used in jewelry for its attractive, silver-like appearance. Platinum is also used in a number of industrial applications because it doesn’t corrode and has a very high melting point.
A diamond is one of the best-known and most sought-after gemstones. It has been used as a symbol of love and commitment for centuries, and its association with rarity, durability, and beauty has made it one of the most precious of all natural resources.
The properties that make diamonds so special are their hardness, resistance to heat and chemical damage, and high refractive index. These qualities make diamond the perfect material for use in a variety of applications, including jewelry, cutting tools, semiconductor manufacturing, and more.
The value of a diamond is determined by its color, clarity, cut, and carat weight. The most desirable diamonds are those that are perfectly clear with no flaws or blemishes. They are also cut to maximize their brilliance and fire. The carat weight is a measure of the diamond’s size, and the value increases with size.
A ruby is a pink to blood-red colored gemstone, a variety of the mineral corundum (aluminium oxide). Other varieties of gem-quality corundum are called sapphires. Ruby is one of the traditional cardinal gems, together with amethyst, sapphire, emerald, and diamond. The word ruby comes from ruber, Latin for red. The color of a ruby is due to the element chromium.
Sapphires are commonly worn in jewelry and are often seen set in engagement or wedding rings, particularly in countries where rubies are scarce or unavailable. Ruby engagement rings and wedding band sets from the Edwardian era (1901–1910) and Art Deco period (1920–1930) are especially popular among antique jewelry collectors.
Emeralds are one of the four precious stones, along with diamonds, sapphires, and rubies. They have been prized for their beauty and unique color for centuries, and are still one of the most popular gemstones today.
Emeralds are found in a wide range of locations around the world, but most come from Colombia, Brazil, Zambia, and Zimbabwe. They are typically a deep green color, but can also be found in lighter shades.
Emeralds are often used in jewelry, but they can also be used in other ways such as in sculptures or as part of a decorative piece. They are a durable stone that is resistant to scratches and wear, which makes them ideal for everyday use.
If you’re interested in buying emeralds, be sure to do your research before purchasing. There are many synthetic and imitation emeralds on the market that can be difficult to distinguish from the real thing. Work with a reputable jeweler or gemologist to ensure you’re getting the real deal.
In conclusion, it is evident that rubies are more valuable than other gemstones due to their unique physical qualities and scarcity. While diamonds may be more abundant, their value is greatly diminished by the number of industrial uses for the stone. In comparison, rubies are much rarer and therefore more desirable to collectors and investors.