The Gemports Index (GPI) is an internationally recognized benchmark for colored gemstone valuation, supported by standardized units, aimed at making price comparisons of colored gemstones easier. GPI uses 2019 as its base year. Developed by Gemports as an extension of Gemports Information Services, GPI serves as a practical tool for tracking changes in the value of colored gemstones in B2B, B2C, and C2C markets.
Gemports Ruby Index Q4 2024
GEMPORTS Press Release, March 12, 2025, Bangkok: For ruby market overview in the fourth quarter of 2024, the price of high-quality grade rubies increased due to a decrease in the supply of high-quality grade rubies from mines around the world. Meanwhile, the demand for high-quality grade rubies in the market was still high.
This was in contrast to the declining demand for intermediate-quality grade and commercial-quality grade rubies due to the uncertain global economic situation. This has reduced the purchasing power of customers looking for these grades of rubies. As a result, the overall price of Ruby in 2024 increased slightly compared to the past 5 years, when the price has risen a lot.
【Q4 2024 Analysis】
In the fourth quarter of 2024, the overall outlook of ruby prices from Myanmar, Africa and other sources remained unchanged compared to the third quarter of 2024.
【2019-2024 Analysis】
For overview in 2024, ruby prices increased slightly by 1-2%, slowing down from 188-192% in the past 5 years.
For the market outlook in 2025, the price of high-quality grade rubies will continue to increase due to the decrease in supply and increase on demand for high-quality grade rubies. The price of intermediate and commercial quality grade rubies is likely to decline due to the downward trend in global economic conditions.
