Each month of the year is traditionally associated with a gemstone. For those born in July your birthstone is ruby. This precious gemstone exists in varying colours of red and pink and is often associated with love, desire and wisdom. Gorgeous rubies make the ultimate romantic gift for a lover. Ruby is named because of its red colour, deriving from the Latin word rubeus, meaning red. In the ancient language of Sanskrit ruby is called ratnaraj, and means “king of precious stones”.