There was some discussion of this question here: http://stackoverflow.com/questions/931548/the-state-of-rdf-in-ruby where Dave Beckett notes that the Ruby bindings for his Redland library have not been updated for a while (though probably still work). Can anyone comment on whether the Ruby Redland bindings work correctly in recent versions of Ruby?
I started RdfContext due to frustrations with the Redland Ruby Bindings. The primary issues for me were installation problems across different platforms, which is a real problem when you're developing a gem as a utility for non-programmers to use. A buggy Rdfa parser (which has since been updated and is now state-of-the-spec). And garbage collection issues, which didn't affect operation, but left complaints all over the place.
Redland's still the way to go for straight-out performance, but I felt that a pure-Ruby approach was necessary. The works not done; more stores could be added, and performance can be improved. I'm working on updating the N3 parser to take advantage of Quoted Graphs and be more compliant. I'd also like to add a SPARQL engine and work on better Rails integration.
The public-rdf-ruby@w3.org mailing list has also undergone something of a revival in the last month, so I'd highly recommend that anyone who cares about RDF in Ruby subscribe to the list and participate in the ongoing discussions.
As an alternative, you can explore ActiveRDF. A fork is being developed by enthusiasts on GitHub. I had used it a couple of years ago. Hope that helps.