Global Demand and Scarcity Impact on Ruby Price Trends
The global gem market is seeing strong demand for rubies. A limited supply, especially from countries like Myanmar, is adding pressure to the ruby price. Mining laws, political issues, and ethical sourcing have slowed production. Meanwhile, demand is growing in Asia, Europe, and the US. This classic case of high demand and low supply drives prices higher. Experts predict this trend will continue in the coming years. That makes ruby both a rare gem and a hot commodity.