Obviously we are too far-gone to return to the bartering system; however, we can learn from the meandering of markets and the fact that alon

Hundreds and hundreds of years ago, the treatment of gemstones has existed. Currently, many of the treatments are still being used. Treatments of the gemstones bring some Broadway changes in the gemstone itself or in clarity. Heat Treatment: Ruby Gemstone is heated at a very high temperature to change its appearance. Surface diffusion Heating: At a very temperature in presence of coloring agents for allowing chemicals to penetrate into the stone. Fracture filling: Stones are

Recently, the US government decided to lift the ban on the importation of rubies and jade from Myanmar (Burma) that had been in place since the Lantos JADE act of 2008. During this time, the prices of Burmese rubies have increased exponentially due to many market conditions and the restricted trade. So, what will it mean to the American trade and the end consumer now that rubies can now flow freely from Burma? In simple Economics 101, people would assume that with greater sup

“A drop of the heart’s blood of Mother Earth” is how the ruby is described in the Orient. The Indians call the ruby Ratnanayaka, the lord of the gemstones. The Hindus called the ruby the king of precious stones and the leader of gems. They used to divide rubies into castes, much like social classes. Rubies were sorted into upper class, middle class, and lower class in terms of flawlessness and beauty. Much like today’s exclusive county clubs and their upper-class clientele, n