Spinel Buying Guide

Spinels represent one of gemology’s best-kept secrets – stunning gems that rival rubies and sapphires in beauty yet remain significantly undervalued in today’s market. These extraordinary stones offer collectors and jewelry enthusiasts an incredible opportunity to acquire museum-quality gems at a fraction of the cost of their more famous counterparts.

The spinel market has experienced dramatic changes in recent years. Exceptional specimens from Myanmar’s legendary mines now command prices exceeding $20,000 per carat, while new discoveries in Tanzania have introduced neon-colored varieties that stop collectors in their tracks. Red spinels approaching the coveted “pigeon’s blood” color of fine rubies trade for ten times less than comparable rubies, making them among the most undervalued gems in today’s market.

Understanding spinel buying requires knowledge that goes far beyond basic gemstone evaluation. The difference between a $500 per carat stone and a $15,000 per carat specimen often comes down to subtle nuances in color saturation, origin, and clarity characteristics that only experienced buyers recognize. Geographic origin plays a crucial role – Myanmar spinels command premium prices while Sri Lankan stones offer exceptional value. Synthetic spinels flood the market, making identification skills essential for serious buyers.

This comprehensive guide reveals insider secrets used by

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International Gem Society

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Barbara Smigel, PhD. GG

Barbara Smigel is a GIA Graduate Gemologist, faceter, jewelry designer, gem dealer, gemology instructor and creator of the well-regarded educational websites acstones.com and bwsmigel.info.

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