
Alexandrite: The Rare Colour-Changing Gemstone

Alexandrite, the stone that changes colour
At Bonnot Paris, we have had the privilege of working with a number of exceptional alexandrites. We share here everything you need to know about this remarkable stone: its origins, its unique optical phenomenon, its quality criteria, its prices and its meaning.
What is alexandrite? A stone with unique properties
Alexandrite is a variety of chrysoberyl, a mineral composed of aluminium and beryllium oxide (BeAl₂O₄). What sets it apart from all other precious stones is its remarkable colour-change effect, known as the "alexandrite effect".
In natural daylight, it displays hues ranging from green to blue-green, sometimes with teal undertones. Under artificial incandescent light, it transforms, revealing tones of red, red-purple or raspberry.
"Emerald by day, ruby by night"
The phrase that captures the magic of alexandrite
This phenomenon is explained by the presence of trace amounts of chromium in the crystal structure of chrysoberyl. Chromium selectively absorbs certain wavelengths of light: daylight, rich in blue and green wavelengths, brings out the green hues, while incandescent light, richer in red wavelengths, reveals the stone's purple tones.
Alexandrite is far rarer than diamond, emerald or ruby. Its colour-change phenomenon is the most spectacular in the entire mineral kingdom — no other natural precious stone can achieve it to the same degree.
From Imperial Russia to contemporary jewellery
The discovery of alexandrite is steeped in legend. According to the most widely told account, it was found in 1830 in the emerald mines of the Urals, in Russia, and named in honour of the future Tsar Alexander II, who came of age on that very day.
The stone's colours — green and red — corresponded to the Russian imperial colours, immediately conferring upon it the status of a national gemstone. The Russian Ural deposits produced some of the finest alexandrites ever discovered, with a particularly pronounced colour change.
These mines are today virtually exhausted, making period Russian alexandrites exceptionally rare and sought after by collectors. Over the decades, further deposits have been discovered around the world, each yielding stones with distinct characteristics.
Alexandrite deposits around the world
Each source produces alexandrites with distinct characteristics, and a stone's geographical origin considerably influences its value on the market.
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The historic birthplace
The absolute benchmark. Spectacular colour change: deep, vivid green → intense red-purple. Historic specimens regularly exceed €50,000 per carat. Current production is negligible.
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The leading contemporary source
Deposits at Hematita (Minas Gerais). Remarkable stones with a slightly bluish green → red-purple colour change. Some rival the finest historic Russian specimens.
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Stones of exceptional size
Alexandrites often of superior size (>5 ct). Olive green → red-brown. The colour change is sometimes less dramatic, yet offset by the sheer size of the crystals.
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Recent discoveries
Small in size yet with a remarkable colour change. Tanzanian stones are particularly prized for their vivid green hues and their very crisp colour shift.
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A discreet production
Andhra Pradesh region. Small stones offering excellent value for connoisseurs wishing to discover this exceptional gem.
How is an alexandrite evaluated? The essential criteria
Evaluating an alexandrite rests on specific criteria, quite distinct from those applied to diamonds or other coloured stones. Below are the determining factors, in order of importance.
The paramount criterion. The more marked the contrast between green (daylight) and red (evening light), and the purer the colours, the more precious the stone. A "strong" change doubles or triples the value.
A vivid, luminous green is worth more than a dull olive green. A vibrant red-purple outshines a red-brown. The finest stones genuinely evoke both the emerald and the ruby.
An eye-clean stone with a strong colour change is truly exceptional. Inclusions are more tolerated than in other gemstones, given the rarity of the species. Cat's-eye alexandrite is rarer still.
The majority of stones weigh less than 1 carat. Beyond 3 carats with a strong colour change, the stone is considered exceptional. The price per carat rises exponentially.
Oval and cushion cuts are the most common, as they preserve weight while optimising optical properties. Symmetry and polish are determining factors.
For a sound investment, always prioritise the quality of the colour change over size. A small alexandrite with a spectacular colour change will be more desirable than a larger stone with a lacklustre shift.
How much does an alexandrite cost in 2026?
Alexandrite is one of the most expensive gemstones in the world. Prices vary enormously according to quality, origin and the size of the stone.
| Quality | Characteristics | Price per carat |
|---|---|---|
| Commercial | Moderate colour change, small size | 3,000 — 10,000 € |
| Good quality | Clear colour change, saturated colours, 0.5—1 ct | 15,000 — 30,000 € |
| Exceptional | Spectacular colour change, pure colours, +1 ct | 50,000 — 100,000 €+ |
| Historic Russian | Large size, certified Ural origin | 100,000 €+ per carat |
By way of comparison, a top-quality alexandrite can cost more than a diamond, a ruby or an emerald of equivalent size. This extreme valuation is explained by the combination of natural rarity and sharply rising global demand, particularly in Asia.
Top-quality alexandrites have seen their prices rise steadily over twenty years, often outpacing the appreciation of other precious stones. Russian pieces and specimens of more than 2 carats are particularly sought after by collectors.
The meaning of alexandrite: balance and renewal
Alexandrite is the birthstone for the month of June (alongside pearl and moonstone) and is traditionally associated with the 55th wedding anniversary.
In crystal-healing traditions, it is associated with balance and harmony between body and mind. Its colour change symbolises adaptability and flexibility, a reminder that change is a constant of life. It is also regarded as a stone of luck and prosperity, inheriting its symbolism from the Russian imperial tradition.
In sentimental jewellery, to give an alexandrite is to celebrate a rich and multifaceted relationship — a person whose personality reveals itself in different lights. It is an ideal choice for those seeking a truly unique engagement ring, far removed from convention.
Alexandrite in jewellery: a bold and refined choice
With a hardness of 8.5 on the Mohs scale (just below sapphire and ruby), alexandrite is perfectly suited to everyday wear. It resists the scratches and knocks of daily life, making it an excellent choice for an engagement ring or an everyday ring.
To best showcase the colour change, a clean solitaire setting or a surround of small white diamonds is often preferred, so as not to compete with the chromatic phenomenon.
At Bonnot Paris, we guide our clients in the search for exceptional alexandrites and the creation of bespoke pieces that bring out the full beauty of this extraordinary stone. Every alexandrite is selected for the intensity of its colour change and the beauty of its hues.
Natural vs synthetic alexandrite: how to tell the difference?
The rarity and high price of natural alexandrite have led to the development of synthetic versions. Synthetic alexandrite, produced in a laboratory using the Czochralski method or flux growth, shares the same chemical composition and physical properties as the natural stone.
- Distinctive natural inclusions (growth veils, rutile)
- International laboratory certificate required
- Genuine heritage and investment value
- Colour change sometimes imperfect — that is its beauty
- Certified geographical origin (Russia, Brazil, etc.)
- Identical chemical composition to natural alexandrite
- Colour change sometimes more visually striking in appearance
- Price far lower than natural alexandrite
- No patrimonial or investment value
- Detectable only through gemological analysis
It is essential to purchase an alexandrite accompanied by a certificate issued by a recognised laboratory: GRS, Gübelin, SSEF or GIA. This certificate will confirm the stone's natural origin and the absence of treatment. At Bonnot Paris, every alexandrite we offer is certified by an internationally recognised laboratory.
How to care for your alexandrite?
Caring for an alexandrite is relatively straightforward, thanks to its excellent hardness. Here are our recommendations for preserving the brilliance of your stone over the years.
For everyday cleaning, use lukewarm soapy water with a mild soap and a soft brush (such as a soft-bristled toothbrush). Rinse thoroughly with clean water and dry with a soft, lint-free cloth. Ultrasonic cleaning is generally safe for alexandrite, unless the stone has fractures or significant inclusions — if in doubt, opt for manual cleaning.
Avoid sudden thermal shocks and prolonged exposure to harsh chemicals (chlorine, household products). Store your alexandrite jewel separately from other pieces, ideally in an individual pouch or a dedicated compartment of your jewellery box.
Why choose an alexandrite for your engagement ring?
Choosing an alexandrite for an engagement ring is a deeply personal and distinctive choice. Here is why this stone deserves your attention.
No other precious stone offers such a spectacular colour-change phenomenon. Your ring will be literally different at every moment of the day, shifting from green to red with the light. A magnificent metaphor for a love that reveals and renews itself endlessly.
Far rarer than diamond, emerald or ruby, alexandrite is the stone of those who refuse the conventional and seek the extraordinary. It is a declaration of love as unique as the person who will receive it.
With a hardness of 8.5 on the Mohs scale and excellent toughness, alexandrite is perfectly suited to the daily wear of an engagement ring. It will accompany you faithfully over the years, with no fear of everyday scratches.
Unlike most precious stones, a quality alexandrite is also an asset whose value tends to appreciate over time. A jewel that combines sentimental meaning with lasting patrimonial solidity.
Discover alexandrite at Bonnot Paris
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