A gemstone or gem (also called a precious or semi-precious stone) is a piece of attractive mineral, which—when cut and polished—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.

Characteristics and classification

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), bixbite (red), goshenite (colorless), heliodor (yellow), and morganite (pink) are all varieties of the mineral species beryl.

Gems are characterized in terms of refractive index, dispersion, specific gravity, hardness, cleavage, fracture, and luster. They may exhibit pleochroism or double refraction. They may have luminescence and a distinctive absorption spectrum.

Material or flaws within a stone may be present as inclusions.

Value of gemstones

For the past several hundred years, gemstones have been broken down into two categories; precious and semi-precious. Though today we think primarily of diamond, ruby, sapphire, and emerald as "precious", these categories are based mainly on fashion and the composition of these two lists has changed frequently over time.

A mnemonic device, the "four C's" (color, cut, clarity and carat), has been introduced to help the consumer understand the factors used to grade a diamond. With modification these categories can be useful in understanding the grading of all gemstones. The four criteria carry different weight depending upon whether they are applied to colored gemstones or to colorless diamond. In diamonds, cut is the primary determinant of value followed by clarity and color. Diamonds are meant to sparkle, to break down light into its constituent rainbow colors (dispersion) chop it up into bright little pieces (scintillation) and deliver it to the eye (brilliance). In its rough crystalline form, a diamond will do none of these things, it requires proper fashioning and this is called "cut". In gemstones that have color, including colored diamonds, it is the purity and beauty of that color that is the primary determinant of quality.