Whether as an investment or to simply say I love you, precious red gemstones are becoming rarer and more exclusive.
In the past decade, jewellers have been shifting the focus from the big four to expand their portfolio of precious gemstones. Where our options were once limited by green emeralds, white diamonds, blue sapphires and red rubies, there is now growing demand for stones such as tourmalines, aquamarines, opals and more as jewellers are harnessing their range of fire and colour to offer more options to collectors.
Take red gemstones, for instance: while rubies reigned supreme for the better part of the previous centuries, there is a growing appreciation for stones like rubellites and spinels, which boast a wonderful range of hues and are just as rare. Plus, declining numbers of natural rubies have created a market for chemically treated stones, thus hiking up the prices for untreated ones.
(Related: 5 Stunning Floral-Inspired Pieces Of Jewellery For Brides)
If you're looking to invest in a red stone to double your chances of prosperity this Chinese New Year (and double whammy, Valentine's Day), here's our guide on the different reds to know.
Rubellites
Rubellites are not, as you would expect, a form of rubies—in fact, this is the name given to the pink to red varietal of tourmalines. The most valuable rubellites should not have a brown tinge and should shine equally bright under an artificial light or daylight. Tourmalines come in a rainbow of shades, but the pinks to the reds are the most valuable. Clearly, Chinese dowager empress Cixi thought so too, as so enamoured she was by the pink varietal of stone that she ordered some 120-tonnes of the stones from the Pala mines in California to be made in jewels and objets d’art. Interestingly, the trade between China and the US was facilitated by Tiffany & Co!