Alexandrite 

Often described by gem aficionados as “emerald by day, ruby by night,” alexandrite is the very rare color-change variety of the mineral chrysoberyl. Originally discovered in Russia’s Ural Mountains in the 1830s, it’s now found in Sri Lanka, East Africa, and Brazil, but fine material is exceptionally rare and valuable.

Alexandrite, with its chameleon-like qualities, is a rare variety of the mineral chrysoberyl. Its color can be a lovely green in daylight or fluorescent light, changing to brownish or purplish red in the incandescent light from a lamp or candle flame. This is a result of the complex way the mineral absorbs light.

Alexandrite’s dramatic color change is sometimes described as “emerald by day, ruby by night.” Other gems also change color in response to a light-source change, but this gem’s transformation is so striking that the phenomenon itself is often called “the alexandrite effect.”