The name
Rubyvale derives from a ruby weighing found near the town by miner William Dunn in the early 1900s. Rubyvale Provisional School opened on 19 October 1908. On 1 January 1909 it became Rubyvale State School. It closed in 1963. Rubyvale was one of three towns within the former
locality of
The Gemfields (the others being
Sapphire and
Anakie) until 17 April 2020, when the Queensland Government decided to replace The Gemfields with three new localities (Rubyvale,
Sapphire Central and
Anakie Siding) based around each of the three towns respectively. The boundaries of
Argyll were also modified to accommodate the introduction of the locality of Rubyvale with an area of . == Demographics ==