diff --git a/lib/rb/Rakefile b/lib/rb/Rakefile
index 7583c97..6eb4f68 100644
--- a/lib/rb/Rakefile
+++ b/lib/rb/Rakefile
@@ -82,7 +82,7 @@
     p.summary = "Ruby bindings for the Apache Thrift RPC system"
     p.url = "http://thrift.apache.org"
     p.include_rakefile = true
-    p.version = "0.7.0dev"
+    p.version = "0.7.0"
     p.rubygems_version = ">= 1.2.0"
   end