Spinel has been making a name for itself over the last couple of decades, and demand for fine stones well exceeds supply. In fact, spinel is in great demand among gemologists and gem connoisseurs. This has, to some degree, closed the spinel vs. ruby-and-sapphire price gap.

Some spinel colours are more rare and valuable than others. In general, red spinel is the most desirable

Spinel is generally highly sought after by gem connoisseurs, and well-formed spinel crystals are in high demand among collectors