The ruby is recognized as the birthstone for July and the anniversary gemstone for the 15th and 40th years of marriage. The ruby is traditionally scarlet in color and is thought to bring health, happiness, wisdom, and particularly good luck to gamblers and lovers. In ancient India, the ruby was called “the kind of gems” and is regarded as regal and a sacred gem. Dreaming of a ruby indicates great success in business and good fortune in money matters.

A top quality ruby is a pretty rare find and the color is one of the most important factors. A medium or dark vivid red is the most valuable. A ruby can also be light red and can have undertones of purple and orange.