A gemstone is a piece of mineral, which, in cut and polished form, is used to make jewelry or other adornments.
A gemstone or gem (also called a precious or semi-precious stone, or jewel) is a piece of mineral, which, in cut and polished form, is used to make jewelry or other adornments. However certain rocks, (such as lapis lazuli) and organic materials (such as amber or jet) are not minerals, but are still used for jewelry, and are therefore often considered to be gemstones as well. Most gemstones are hard, but some soft minerals are used in jewelry because of their lustre or other physical properties that have aesthetic value. Rarity is another characteristic that lends value to a gemstone. Apart from jewelry, from earliest antiquity until the 19th century engraved gems and hardstone carvings such as cups were major luxury art forms; the carvings of Carl Fabergé were the last significant works in this tradition.
The traditional classification in the West, which goes back to the Ancient Greeks, begins with a distinction between precious and semi-precious stones; similar distinctions are made in other cultures. In modern usage the precious stones are diamond, ruby, sapphire and emerald, with all other gemstones being semi-precious. This distinction is unscientific and reflects the rarity of the respective stones in ancient times, as well as their quality: all are translucent with fine color in their purest forms, except for the colorless diamond, and very hard, with hardnesses of 8-10 on the Mohs scale. Other stones are classified by their color, translucency and hardness. The traditional distinction does not necessarily reflect modern values, for example, while garnets are relatively inexpensive, a green garnet called Tsavorite, can be far more valuable than a mid-quality emerald. Another unscientific term for semi-precious gemstones used in art history and archaeology is hardstone. Use of the terms 'precious' and 'semi-precious' in a commercial context is, arguably, misleading in that it deceptively implies certain stones are intrinsically more valuable than others, which is not the case.
In modern times gemstones are identified by gemologists, who describe gems and their characteristics using technical terminology specific to the field of gemology. The first characteristic a gemologist uses to identify a gemstone is its chemical composition. For example, diamonds are made of carbon (C) and rubies of aluminium oxide (Al2O3). Next, many gems are crystals which are classified by their crystal system such as cubic or trigonal or monoclinic. Another term used is habit, the form the gem is usually found in. For example diamonds, which have a cubic crystal system, are often found as octahedrons.
Gemstones are classified into different groups, species, and varieties. For example, ruby is the red variety of the species corundum, while any other color of corundum is considered sapphire. Emerald (green), aquamarine (blue), red beryl (red), goshenite (colorless), heliodor (yellow), and morganite (pink) are all varieties of the mineral species beryl.
Gem prices can fluctuate heavily (such as those of tanzanite over the years) or can be quite stable (such as those of diamonds). In general per carat prices of larger stones are higher than those of smaller stones, but popularity of certain sizes of stone can affect prices. Typically prices can range from 1USD/carat for a normal amethyst to 20,000-50,000USD for a collector's three carat pigeon-blood almost "perfect" ruby.
Some gemstones are manufactured to imitate other gemstones. For example, cubic zirconia is a synthetic diamond simulant composed of zirconium oxide. Moissanite is another example, although it is a gemstone in its own right. The imitations copy the look and color of the real stone but possess neither their chemical nor physical characteristics. Moissanite actually has a higher refractive index than diamond and when presented beside an equivalently sized and cut diamond will have more "fire" than the diamond.
For more information: http://en.wikipedia.org/wiki/Gemstone
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