Morganite, also known as Pink Beryl, Rose Beryl, Pink Emerald and Cesian Beryl, is a light pink to salmon-pink gem quality beryl. Morganite was first recognized as a distinct variety when specimens were first discovered in Madagascar in 1910. The pink beryl was named after J.P Morgan, the American financier and gemstone collector.
With pink a fashion favorite, morganite is a gem that is much in demand. It is a hard and durable stone with a pastel color that ranges from clear pink to a lovely peach. If it reminds you of the beauty of aquamarine, that's not surprising since they are the same mineral.
The price and value of morganite varies depending on the size and quality of the gemstone. The more saturated colors are more valuable, as are very clean and well cut specimens, especially in larger sizes.