Burma Ruby
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 █$1 MILLION WORLDS BEST VVVS BURMA UNHEATED RUBY RING█ US $500,000.00 |
 $1900000 ★E★B★A★Y★S 1 BURMA NO HEAT RUBY JEWELRY SET US $365,000.00 |
 $1200000 CERTIFIED E◆B◆A◆Y◆S BEST BURMA RUBY JEWELRY US $350,000.00 |
 E▬B▬A▬Y▬S BURMA STAR RUBY WORLDS RARER SUPERB RING US $40,000.00 |
 BIG REAL GENUINE UNTREATED VERY OLD BURMA RUBY OVAL US $29,000.00 |
 306 Ct Oval Burma Ruby Diamond Platinum 18KY Gold Ring US $21,000.00 |
 ★E★B★A★Y★S 1 BURMA UNTREATED BEST RUBY OVAL RED US $20,000.00 |
 204 Ct Oval Burma Ruby Diamond Platinum Handmade Ring US $19,600.00 |
 939 Carat Rare Unheated Intense Red Ruby from Burma US $11,738.00 |
 141 Carat Burma Ruby Diamond Platinum Handmade Ring US $11,200.00 |
 557 Carat Exclusive Unheated Heart Shaped Ruby Burma US $8,634.00 |
 396 Carat Rare Unheated Blood Red Ruby from Burma US $7,425.00 |
 809 Carat Pinkish Red Star Ruby with Sharp Star Burma US $5,231.00 |
 TOP AAAA 310Ct VVS Natural UNHEATED Burma Ruby RAREST US $3,991.93 |
 275 Carat IGI Certified Excellent Unheated Ruby Burma US $2,888.00 |
 166 Carat Extraordinary Unheated Oval Cut Ruby Burma US $2,490.00 |
 266 Carat Blood Ruby Ruby from Mogok Burma Unheated US $2,327.00 |
 RARE 307 Ct CERTIFIED UNHEATED NATURAL OLD BURMA RUBY US $2,124.74 |
 RARE 3 Cts CERTIFIED UNHEATED NATURAL OLD BURMA RUBY US $2,124.74 |
 1340ct NATURAL MINED BURMA RED RUBY MOGOK US $2,000.00 |
 238 Carat Sparkling Purplish Red Ruby from Burma US $1,993.00 |
 831 Carat Intense Red Cabochon Ruby from Burma US $1,880.00 |
 348ct Precious Emerald Natural Pinkish Red BURMA Ruby US $1,740.00 |
 717 Carat Marvelous 6 Ray Star Ruby from Burma US $1,613.00 |
 581 Carat Magnificent Intense Pink Star Ruby Burma US $1,612.00 |
 407 Carat Amazing Pinkish Red Star Ruby from Burma US $1,526.00 |
 485 Ct BURMA MOGOK PIGEON BLOOD RED OVAL RUBY US $1,525.00 |
 535 Carat Glorious Pinkish Red Star Ruby from Burma US $1,471.00 |
 644 Carat Superb Orangish Red Star Ruby from Burma US $1,449.00 |
 125 Carat Pear Shaped Pigeon Blood Red Ruby from Burma US $1,406.00 |
 334 Carat Intense Red Star Ruby with Sharp Star Burma US $1,378.00 |
 6385 CT HUGE CERTIFIED NATURAL NEW BURMA RUBY GEMSTONE US $1,309.18 |
 Beautiful Red Ruby Burma with Diamonds 22k Gold Earring US $1,299.00 |
 379 Ct BURMA MOGOK PIGEON BLOOD RED OVAL RUBY 965X86 US $1,279.95 |
 130 Carat Splendid Pigeon Blood Red Ruby from Burma US $1,268.00 |
 561 Carat Pleasing Pinkish Red Star Ruby from Burma US $1,262.00 |
 318 Ct BURMA MOGOK PIGEON BLOOD RED OVAL RUBY 9X7MM US $1,259.95 |
 306 Ct BURMA MOGOK PIGEON BLOOD RED OVAL RUBY 10X8MM US $1,235.00 |
 293 Ct BURMA MOGOK PIGEON BLOOD RED OVAL RUBY 9X7MM US $1,225.95 |
 290 Ct BURMA MOGOK PIGEON BLOOD RED OVAL RUBY 9X7MM US $1,225.95 |
 298 Ct BURMA MOGOK PIGEON BLOOD RED OVAL RUBY 904X8MM US $1,225.95 |
 291 Ct BURMA MOGOK PIGEON BLOOD RED OVAL RUBY US $1,225.00 |
 288 Ct BURMA MOGOK PIGEON BLOOD RED OVAL RUBY 88X783 US $1,220.00 |
 276 Ct BURMA MOGOK PIGEON BLOOD RED OVAL RUBY 9X7MM US $1,200.00 |
 280 Ct BURMA MOGOK PIGEON BLOOD RED OVAL RUBY US $1,200.00 |
 950 Carat Large Pinkish Red Star Ruby from Burma US $1,188.00 |
Music Box: Jenny Boyle Band returns to Baltimore this weekend
After touring the world, the Jenny Boyle Band returns to the area tomorrow night at Rams Head Live in Baltimore (8 p.m., all ages welcome). These regionally bred musicians include guitarist-vocalist Jenny Boyle along with Mike Kuhl on drums, Jeff Reed on bass and Mark Stanley on guitar.
True North Gems’ ‘big Red’ Greenland Ruby Occurrence Keeps on Getting Bigger
For many people, the words ‘Big Red’ conjure up fresh breath, but to True North Gems’ (TSX.V:TGX) investors, the phrase itself is a breath of fresh air. The company’s bold flavour is finding favour among investors with its focus on ruby and sapphire exploration and development in Greenland. As per its December 4 news release, the company has wrapped up its 2007 drilling program with the completion of the final four drill holes on the Sarfaq and Ridgetop ruby prospects at its Fiskenaesset Ruby Project. Sarfaq and Ridgetop are on trend from the Aappaluttoq (‘Big Red’) occurrence.
The Fiskenaesset Ruby Project consists of 110km2 of land on the southwest coast of Greenland, about 160km south of the capital Nuuk. True North has an option to own a 100% interest on the claims. The company has actively explored the property since acquiring it in 2004. A mini-bulk sample at the Siggartartulik occurrence taken in 2004 returned 9.73 kg/t total corundum (rubies and sapphires are varieties of corundum), with 1.5% gem and 33.5% near-gem. The gem-grade is 143.76 g/t (718.8 rough ct/t). The company’s final hand and machine sorting of the material from the sample have recently increased the overall grade. A 30-tonne sample contained concentrations of gem-grade ruby and pink sapphire averaging 1,937 g/t (9,685 ct/t).
The objective of the 2007 drilling program, comprising 50 holes on three ruby prospects with a total length of more than 5,000 m, was to deliver a preliminary assessment on the Aappaluttoq ruby and pink sapphire occurrence. One of the positive outcomes of the program was that the company was able to confirm both extensions to the favourable Aappaluttoq Host Zone geology, as well as additional ruby mineralization on surface. Three drill holes at Sarfaq have confirmed distinctive sapphirine-gedrite-phlogopite-pargasite alteration, similar to the Host Zone of the Aappaluttoq occurrence– which is known to contain rubies and pink sapphires.
Independent valuations have priced a 0.69 ct ruby from Aappaluttoq at $3,220/ct, and a 0.96 ct pink sapphire at $460/ct. The best sample contained a large ruby crystal weighing 88g (440 ct), which was carved into the Kitaa Ruby, weighing 302 ct and displaying intricate scenes of Norse oceanic legends.
The company’s 43-101 report suggests that this is just a taste of things to come. It states, “Given the fact that 18 ruby and pink sapphire occurrences are known in the district after only two seasons of reinvigorated exploration, and that the Company has obtained excellent sampling results from three of the six occurrences tested by mini-bulk sample thus far, it is incumbent upon True North to continue the exploration of the Fiskenaesset district”.
This report was released last year and, since then, nine more ruby occurrences have been found at Fiskenaesset, for a total of 29. Over the past three years, 78 tonnes of material have been removed for processing, with 48 tonnes processed to date. Over 65,000 grams of gem and over 129,700 grams of near-gem ruby and pink sapphire have been recovered from the property.
In the wake of tough new sanctions on Burma– the supplier of 90% of the world’s rubies– along with boycotts of Burmese rubies by gemstone manufacturers and prominent jewellery retailers such as Tiffany’s– demand for ethical sources of coloured gemstones has skyrocketed. Nowadays, consumers are willing to pay top-dollar for high-quality, ethically sourced gemstones– as has been proven with the marketing success enjoyed by Canadian ‘Polar Diamonds’. True North plans to apply that same logic to the coloured gem business.
The company has a major advantage in that demand for rubies has been steadily rising while demand for diamonds has been decreasing. According to the company’s Ruby-Diamond fact sheet, in 1988 a top quality ruby weighing 15.97 ct fetched $3.65 million ($228,252 per ct) at auction, while a similarly classed diamond weighing 52.59 ct sold for $7,479,981 ($142,232 per ct). In 2006, however, a ruby weighing 8.62 ct went for $3.6 million ($425,000 per ct)– while a 33.04 ct diamond sold for $1.8 million ($ 54,000 per ct). Keep in mind that the diamonds were on average 3-4 times larger than the rubies in this comparison. As gem-quality stones get larger, their price per carat rises exponentially– even more so in the case of top-quality rubies.
In early November, the company reached an important milestone when it opened its facility in Bangkok where rough gems from the Fiskenaesset will be sort and graded. Bangkok is one of the coloured gemstone industry’s major centres. “With its proximity to the established markets of Europe and the Arab countries, and the new growth areas of China and India, Bangkok is the international marketplace for purchasers of rough as well as polished gems,” noted Nick Houghton, Director and VP Product Development and Marketing in the company’s November 6 news release. “An office in Bangkok allows True North to access the knowledge and opportunities that exist there.”
True North also has the technological advantage– given recent developments in exploration methods and in optic sorting technology. It used to be that the economics of processing favoured hand-sorting of coloured gems in low-wage countries, but these new developments make it possible for the company’s operation to be both ethical and profitable.
These latest developments at Fiskenaesset should give the company’s investors something to chew on in the coming months. To take a line from the ‘Big Red’ jingle– this is definitely one stock to “hold tight a little longer”.
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
About the Author
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