In some conversations with Dudley Giberson a well recognized studio glass artist and researcher , his contention was that back when these were made that pure gold was not available and that there was always small amounts of silver in the gold and this was why the gold ruby would show up as some others colors under different lighting. I remember him getting into a heated debate with David Whitehouse of the Corning Museum over this conjecture. Dudley made many different formulations and melts over his 50+ years of working glass.