Spinel is a kind of gem with rich colors, and the price in the international market varies with its color, transparency, weight and cutting. In the mass market, the price of spinel is relatively close to the people, and it has certain competitiveness in luxury goods or customized jewelry categories. In recent years, spinel has been more and more sought after by the consumer market, and its price has been rising year by year. The price of some top spinel can even compare with that of ruby.

An article on April 8, 2023 said that the price of spinel with neon feeling increased by nearly 5- 10 times. From last year to this year, the supply and demand of the supply market has been tight, and spinel has also risen sharply.