What is the price of spinel stone?

Top Spinels in the 2 to 5 carat size will often sell for $3,000 to $5,000 a carat. For the very rare stones over 5 carats, prices in the range of $8,000 to $10,000 per carat are not unusual for the top colors.

Is spinel a real gemstone?

Spinel belongs to the cubic crystal system and its characteristic crystal shape is an octahedron, which looks like two back-to-back pyramids. Like ruby, spinel is found in alluvial deposits; it ranks 8 on the Mohs scale and has good toughness, making it a durable gem for jewelry.

Is spinel cheaper than ruby?

“They are not as expensive as rubies and sapphires but still have similar beautiful colors,” Ms. Small wrote. While a ruby might go for $40,000 a carat, a spinel of the same size and quality would garner only $1,000 to $7,000 a carat, Mr.

Why is spinel so expensive?

Interestingly, red spinel is much rarer than rubies, but due to its extreme rarity there is little demand for it and therefore it is not as valuable. As with any gemstone, spinel with even saturation and intense hue are the most valuable.

Is spinel a diamond?

What is a spinel gem? Spinel is a mineral that owes its beautiful color to chromium, much like rubies and emeralds do. It has a hardness of 8 on the Mohs hardness scale (diamond has a hardness of 10). Spinel is seen in a wide range of colors: red, lavender, violet, blue, green, brown, black.

Is spinel a ruby?

Spinel may be distinguished from ruby by its lesser hardness and lighter weight. Pure spinel is colourless; the gem varieties owe their hues to the presence of small proportions of metal ions other than magnesium and aluminum.

Is spinel a good investment?

Red Burmese spinels and the neon pink-red spinels from Mahenge, Tanzania have the best investment potential. Spinel is completely untreated and prices on fine pieces have risen significantly in the last 5 years.

Is spinel a cheap stone?

Although spinel is still less expensive than ruby, the market for spinel has been increasing. And, now that spinel has been added as a third August birthstone, its popularity may increase further still, bringing its value up as well.

Is spinel a rare gem?

Ironically, fine spinel is rarer than the ruby it “imitates” but is usually less expensive. And because spinel is so rare, it has hardly had a chance to become popular.

Where is Spinel found?

Spinel can be found on several continents, from Brazil in South America, Kenya in Africa, and especially across the southern portion of Asia, stretching from Afghanistan to Vietnam. It has been commonly found in gravel beds in Sri Lanka, Tanzania, and Madagascar, and marble deposits in Vietnam.

Which stone is the most precious?

Red Diamond – $1,000,000 per carat Above we featured the diamond as one of the most expensive gemstones, and coming in at number 1 with a price tag of over $1 million per carat is the red diamond. There are less than 30 red diamonds found around the world, with most of them being less than half a carat.