Rubies from Myanmar are among the most sought-after stones in the world. Trade restrictions and rising prices raise a simple question for collectors: what happens to supply and to value?
Less supply from Myanmar
Burmese rubies have faced trade restrictions in several markets for years, and new sanctions followed the military coup of 2021. Fewer newly mined Burmese stones now reach Western buyers through official channels.
Stones exported legally before the restrictions, with full documentation, attract more attention as a result. Other origins, such as Madagascar and Mozambique for rubies and Sri Lanka for sapphires, fill part of the gap.
And inflation?
When inflation rises, investors look for assets that hold their value. Precious stones are tangible, durable and compact, and demand for the finest qualities has stayed strong. This applies only to the top of the market: exceptional stones with a documented origin, not commercial qualities.
Our advice
- Ask for complete documentation of origin and export.
- Ask for a certificate from a recognised laboratory for any important stone.
- Have an independent expert judge quality and price before you buy.