Since its discovery in Madagascar in 1910 and its subsequent identification as pink beryl, Morganite, named after the famous banker and gem enthusiast, J. Pierpoint Morgan, is a rare pink variety of the beryl family gems, which includes aquamarines and emeralds! It is sometimes referred to as a “pink emerald” which it shouldn’t be, but given its rarity and rich pink colour it is highly prized; their prices don’t approach those for emeralds though.
Given the pink colouring of Morganite and its obvious association with feminity, added to its rarity and affordability you can see why they are becoming popular as engagement rings. A beautifully cut polished and set morganite is a wonder to behold!
Now mined in Brazil and Madagascar, other sources for fine gem-quality morganite include Afghanistan, China, Madagascar, Mozambique, Namibia, Russia, Zimbabwe and the USA.