Lab Ruby engagement rings? Absolutely! Diamonds may be a girl's best friend, but Lab Ruby engagement rings are a unique, original, and a far more affordable choice. Gem of hot summer nights and steamy red sunsets, ruby is the birthstone of July. Show the world the passions within you with a fiery ruby ring. Tanzanite is the new birthstone of December and has a unique purple-blue color. A tanzanite ring is one of the newest fashion trends and is a must for any jewelry collection.