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  4. ALEXANDRITE: THE CHAMELEON OF GEMSTONES
My Best Life in Jewelry

ALEXANDRITE: THE CHAMELEON OF GEMSTONES

Published: Jun 25, 2025
ALEXANDRITE: THE CHAMELEON OF GEMSTONES
Author: 
Cindy Franchitti
When it comes to rare and mysterious gems, alexandrite stands at the pinnacle. Famed for its dramatic color change and scarcity, this gem is often more valuable than diamonds in high-quality form. But what exactly makes alexandrite so exceptional, and where can it be found? Let’s dive into the fascinating world of this color-shifting marvel.


Where Is Alexandrite Mined?

Alexandrite is an incredibly rare variety of chrysoberyl that changes color under different lighting. It was first discovered in the Ural Mountains of Russia in the 1830s, and those Russian stones remain the gold standard today.


Today, major sources of alexandrite include:

  • Russia (Ural Mountains) – The original source; famed for producing stones with intense emerald green to raspberry red color change.
  • Sri Lanka – Known for larger stones, but often with less intense color shifts.
  • Brazil – A major current supplier with high-quality material.
  • Tanzania – Newer finds with interesting color properties.
  • India (Andhra Pradesh) – Produces commercially viable stones with moderate color change.
  • Madagascar – Producing smaller, occasionally high-quality stones.

 Where Is the Rarest Alexandrite Found?

The rarest and most valuable alexandrites come from Russia's Ural Mountains. These stones are prized for their deep emerald green to intense purplish-red color shift, high saturation, strong clarity, and rich historical provenance.

Russian alexandrites over 1 carat in top quality are almost impossible to find today and are considered collector’s treasures.


What’s the Average Cost per Carat?

The price of alexandrite varies wildly based on quality and origin. Here's a general pricing guide:

Quality Level and Price Range (Per Carat)
  • Commercial Quality: $500 – $1,500
  • Fine Quality: $5,000 – $15,000
  • Exceptional Quality:  $15,000 – $70,000+
Stones over 1 carat with strong color change are significantly more valuable. Russian or Brazilian origins can command even higher premiums.

What’s the Rarest Color Change in Alexandrite?

While most alexandrites change from green/blue-green in daylight to red/purplish-red in incandescent light, the rarest and most desirable color shifts include:

  • Emerald green → Ruby red (especially in Russian stones)
  • Teal → Raspberry red
  • Blue → Violet
The more vivid and dramatic the shift, the rarer and more expensive the gem.

What Makes an Alexandrite Exceptional?

Not all alexandrites are created equal. An exceptional-quality alexandrite must excel in several areas:

  1. Strong Color Change
    • Ideally shows a 90–100% shift between daylight and incandescent lighting.
    • Colors should be vivid, not dull or brownish.
  2. High Clarity
    • Eye-clean or loupe-clean stones are rare and valuable.
    • Inclusions that reduce transparency significantly decrease value.
  3. Expert Cut
    • A good cut enhances both brilliance and the visibility of the color change.
    • Poorly cut stones may look dark or unbalanced.
  4. Significant Size
    • Most alexandrites are under 1 carat.
    • Stones over 3 carats with top quality are extremely rare and expensive.
  5. Prestigious Origin (Optional)
    • Russian alexandrites command a premium due to their iconic color change and historical value.

Why Is Alexandrite So Rare?

Several factors make alexandrite one of the rarest gems on Earth.  It requires a unique mix of beryllium and chromium—elements rarely found together in nature. Only a handful of places worldwide have the right conditions to form alexandrite.  It is safe to say very few minerals exhibit a strong color shift, making alexandrite unique.

Whether you’re a collector, investor, or just a gemstone enthusiast, alexandrite is a true marvel of nature. From its rare geological conditions to its magical ability to change color, it’s no wonder this gem commands awe—and high prices—around the world.

If you ever have the chance to own a fine alexandrite, especially one from Russia or Brazil, you’re not just buying a gemstone—you’re holding a piece of Earth’s rarest natural artistry.

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