Sure, the name isn’t particularly glamorous as, let’s say, a sapphire or a ruby. But don’t let that fool you. The Spinel is all gem, baby.
A traditionally lesser-loved stone, the spinel is fast capturing the attention of the contemporary fine jewellery market. The Hope Spinel sold for £962,500 at Bonhams in September 2015; a new world record for a spinel. The stone once belonged to famous gem collector Henry Philip Hope and had not been on sale for 98 years.
Source: The Telegraph