Is Spinel A good gemstone for investment in making gold ring setting?
Hi Spinel is a good quality gemstone and has a hardness of 8 and a high refractive index great colours most expensive being top quality reds, it is getting very popular for jewellery in todays market
In my opinion, it depends on which type of market are you in. But in general circumstances, that might be considered as a good investment if the quality of gem meets with acceptable standarts.
Spinel gemstones have been termed the imposters of the gemstone world. For centuries, the red or pink spinel has been confused for rubies. Since spinel is often found in the same deposits as rubies, many miners and traders were unable to differentiate the two. This resulted in many spinel gemstones being marketed as rubies or as sapphires if blue spinel was found along with sapphire deposits.
Well yes, Spinel is good for the market. The most common spinel colors are red and blue. Between these two colors, the hues range from highly saturated to perfectly pastel. This wide range of colors makes spinel gemstones difficult to distinguish from other stones as they can perfectly mimic the look and feel of rubies, sapphires, and even diamonds.
Ah but do not forget that one of the biggest mistaken “rubies” is in the crown of The Queen of England at present. They did not know for a long time that it is a spinel and not a ruby.
I have a neon pink spinel that I picked up for under $20.00USD a few years ago because the seller could not believe any stone could be that bright naturally. As soon as I put it under my loop I knew I had a sweet find. It has just gone up in price. I’ve been trying to find quality spinel but they do seem to be going up no mater the colors. Still looking for that elusive color change spinel.
All the best.
Yes, in a nutshell I believe it’s a good investment - if the stone is over 1ct, is at least eye clean and is nicely cut and polished. Spinel is hard to buy in Australia (where I am) so consumers are interested in the stone and want to buy it - they see it online but don’t have access to it. I love the history of spinel - it is so cool. I have some for sale on my Instagram and they’ve garnered quite a lot of buzz. It’s a hardy stone and I love the metallic shine on a lot of these stones. Spinel is quickly becoming popular like Tourmaline https://www.instagram.com/p/COJlFhkBQtV/
I recently purchased some affordable grey spinel rings, and they are the stars in my collection. They look almost like diamonds(so sparkly), and they never look the same color. Sometimes they are whitish grey, sometimes blueish, sometimes even purpley depending on the light. The dark ring, which looks almost like black diamonds, is transparent however, and sometimes looks almost dark blue in some light. Very happy with my spinels! And I just found out they are an alternate August birthstone so I am totally justified in snapping spinel up. Have a great day!
Thank you all for your reply. I have a big challenge here in the Philippines, for one I am at the island of Mindanao. People here do not have a hint of what is spinel and they are not that familliar of other gemstones. I have to market my stones and at the same time educate the people around that tgere are other options aside from diamonds. At this point, I have purchased spinels from burma, its quite expensive but I took the risks and planning to purchase with validations, My top picks are hot pink, red and blue. Thank you guys for the support.
I’ve been thinking about buying grey spinel but keep shying away from them for some reason. I do some silver work still and I thought they would look good in silver but the price has gone way up on these stones in the past year and 1/2. After what you just said, I’m kicking myself for passing up on some real good deals on the gray spinels when I had the chance.
All the best,
The ultimate reason I started buying grey spinels is that taaffeite, one of the world’s rarest gemstones, which is a grayish pinkish color, was discovered by chance in a box of cut spinels in the 40’s. Since taaffeite resembles spinel, I thought, let’s find some grey spinel. The odds are long, but at the core I’m a treasure hunter. Maybe 50 specimens exist in the world. Maybe I’ll find the 51st? It’s all in good fun. Bottom line, grey spinels are gorgeous, and they go with everything. A grey stone! So unique…have a great day!