alexandrite-minAlthough it was named in honor of the Russian Tsar Alexander II, Alexandrite gleaned its moniker, “emerald by day, ruby by night” from the beautiful shade of blue-green or magenta it shines in different light sources. Since its discovery in the 1830s in the Ural Mountains of Russia, new deposits have been found in East Africa, Sri Lanka and Brazil. However these new mines do not make alexandrite any less rare—or less expensive.

Alexandrite can cost up to an astounding $12,000 per carat.

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