Fine Spinels are now rarer than the Rubies they used to imitate. Strangely they are also more affordable. In the gem world being too rare can be a drawback because so few people even get a chance to develop a fondness for the varieties in question.In addition to beautiful rich reds, Spinel can be found in a range of gorgeous pastel shades of pink and purple. Of particular interest is a vivid hot pink Spinel with a tinge of orange mined in Burma. It is one of the most spectacular gemstone colours seen in any species of gemstone. Spinel also comes in beautiful blue tones called cobalt Spinel, but these are very, very rare.