Large gem quality rubies can be more valuable than comparably sized diamonds and are certainly rarer in fact smaller blue sapphires 1 3 cts are relatively abundant compared to small gem quality rubies.
Are rubies rare.
They are also exceptionally scarce.
All rubies are rare but those from myanmar formerly burma set the standard for quality and color.
Forget diamonds emeralds and rubies.
While rubies from thailand contain relatively high iron content which can result in overly dark reds with brownish or purplish overtones the geological conditions in myanmar generally produce rubies with very little trace iron.
Rubies and sapphires are different colored varieties of the mineral corundum.
Ranking a 9 on the mohs scale of hardness diamond is a 10 corundum has been mined extensively for abrasives.
Now corundum is a fairly common mineral.