Ruby stone prices in India can range anywhere between ₹ 450 to 2 Lakhs ($25 to $1,600) per carat, even above. Origin– Burmese ruby is the most expensive ruby origin because of its exceptional color quality.

Madagascar is the source of top fine quality range of rubies, although, Madagascar rubies are relatively new to the gemstone market. ... The rubies from the Andilamena area are best after heat treatment .

This beautiful ruby is 4.62 ct stone is oval with a good cut, great color and transparency. The stone is eye clean and heat treated just waiting for the setting of your choice, the value of this stone is 75 per carat or possible trade for jewelry or silver dollars or what have you?