The gemstone is often associated with prosperity and good fortune. Spinel comes in a wide range of colors, including red, pink, orange, purple, blue and green. As a result, the symbolism of this ...

In 2015, the auction house Bonhams sold the 50.13-carat Hope Spinel for a world-record £962,500 ($1.22m) — over six times its estimate — helping to catapult the stone into public consciousness.