Rubies are the most expensive gems after diamonds. That’s because they are exceptionally durable and have a unique color.
In the past few years, strong demand has seen ruby prices increase by 63 percent. In fact, the global market for rubies is currently estimated at $2 billion per annum. But for investors interested in getting a piece of the pie, there’s only one publicly traded ruby-focused company: Mustang Resources (ASX:MUS).
MUS Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
