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Named by the Romans, who thought the gems were formed from moonlight, moonstones have a floating light effect called “adularescence.” They often have translucent grounds with silvery white or blue flashes. Moonstone almost seems magical with a ghostly, shimmering glow floating in a crystalline material. With a clarity range of transparent to translucent, the gem’s body color can range from colorless to gray, brown, yellow, orange, green or pink. The best moonstone has a blue sheen, perfect clarity and a colorless body color. One variety called “rainbow moonstone” has a sheen that features a variety of rainbow hues.

Moonstones are usually cut in smooth, domed cabochon shapes to maximize the effects of sheen and adularescence. Fine moonstone is already quite rare and becoming rarer. It is mined in Sri Lanka, India, Australia, Brazil, Canada and Kenya. Rainbow moonstone is also found in Madagascar.

Ancient Romans thought moonstones changed appearances with the phases of the moon. They also believed that an image of Diana, the goddess of the moon, could be seen in each stone. During the Middle Ages, people believed one could gaze into the gem, fall into a deep sleep, and see the future. Today the stone represents serenity, happiness and friendship. It is believed to be a stone of inner strength and is said to arouse passions. In Europe, moonstone is considered the birthstone for June, although in the United States, it shares that distinction with the pearl. It is traditionally given as a 13th wedding anniversary gift.