One of the rarest and most valuable gemstones, alexandrite is a luxurious birthstone for lucky babies born in June. Alexandrite is also the traditional gift to celebrate a 55th wedding anniversary.
Color change is the most important factor when determining alexandrite’s quality and value. The brighter the colors and the more dramatic the change from bluish green in daylight to purplish red under incandescent light, the more valuable the gemstone.
Like most gemstones (except its fellow June birthstone, the pearl), alexandrite is weighed in carats. Higher clarity may weaken the gemstone’s color change, so color is much more important than clarity in this case.
Natural alexandrite is more expensive than most gemstones, including sapphires, rubies, emeralds, and diamonds. Top-quality Russian authentic alexandrite has sold for as much as $10,000 for one carat.
Most of the original Russian gemstones belong to museums or private collectors. The few gemstones that are produced today only fit the budgets of the most discerning gemstone collectors.
Alexandrite is a solid investment because of its rarity, durability, and historical significance. If you’re on the hunt for a rare, color-changing alexandrite, visit an American Gem Society jeweler who can help you find the best gemstone for you.