Rare Gem Collection

THE RARE GEM

LEARN ABOUT RARITY.

We’re published experts on Alexandrite rarity, members of the leading gemology societies, and go above and beyond to provide our customers with as much information as possible about each gem.

Authority On Rarity

We are the ultimate authority on rarity. More Rare Than Diamonds. Alexandrites are one of the most unique gemstones in the world. Each stone has a journey. Become part of our legacy, and own something that will be cherished forever.

Looking for Alexandrites? We add new Alexandrites each week. 

Like father, like son

We have a combined 47 years of experience in gemstones, and pride ourselves on trustworthy, knowledgable service, without pushy sales tactics.

Trade Members

We strive to hold the highest ethical sourcing standards and disclosure information required by the trade. We have proudly been American Gem Trade Association members for over 3 decades. We also recently joined the International Colored Gemstone Association. 

AGTA

The American Gem Trade Association is the premier authority in colored gemstones and cultured pearls.

ICA

The ICA is a worldwide body specifically created to benefit the global colored gemstone industry by advancing and promoting the knowledge and appreciation of colored gemstones.

Put a ring on it

Our in-house jeweler can turn any of our stones into the ring of your dreams.

Shop by Shape

  • best of the best and even better people. thank you for a wonderful selection and experience!

    Adam Bassalali Avatar
    Adam Bassalali
    11/03/2020
  • Definitely professional in his sector, Justin helped me realise the piece I was looking for from scratch. Conversations were smooth and timely and even though we went through some little issues with the shipping he took care of it and made sure I’d receive the parcel.

    Federico Bassetta Avatar
    Federico Bassetta
    9/08/2020
  • We were looking for a padparadscha sapphire for an engagement ring and had a wonderful experience working with Justin. He was knowledgeable, fair, and was always on the lookout for a sapphire that would suit our needs. We would highly recommend him!

    Kamal Menghrajani Avatar
    Kamal Menghrajani
    9/02/2020
  • Excellent experience with them. I would not hesitate to buy another gemstone from them. Purchased a padparadscha sapphire and it is gorgeous!

    Susan Haskell Avatar
    Susan Haskell
    8/27/2020
  • Loved the alexandrite ring I got from the rare gem. It looked even better in person than on the website. I had a lot of difficulty finding a jeweler that had alexandrite and I was very happy with the selection that Justin had.

    John Smith Avatar
    John Smith
    8/22/2020
  • Got a beautiful alexandrite ring from The Rare Gem! It arrived in two days and looked even more beautiful in person! Justin was very helpful and professional. Would recommend The Rare Gem to others!

    Courtney Chow Avatar
    Courtney Chow
    7/26/2020
  • „This is the most beautiful ring I can imagine“...this is what my daughter said to me, when she saw the ring today!!! And I agree - this ring is so so beautiful, fits absolutely perfectly and is EXACTLY, what I wanted!!! I thank you soooooo much for this excellent work, your professionalism, reliability and your patience ??? Love from London

    A.S Avatar
    A.S
    7/03/2020
  • Exceptional, one of a kind, paired alexandrine earring stones courtesy of The Rare Gem (earrings styled and crafted by Krikawa).

    T L Avatar
    T L
    5/15/2020
  • Exceptional, one of a kind, paired alexandrine earring stones courtesy of The Rare Gem (earrings styled and crafted by Krikawa).

    Tamara Lundeen Avatar
    Tamara Lundeen
    5/15/2020
  • Excellent service! Exceptional collection of stones! I was looking for a Padparadscha sapphire for an engagement ring, found The Rare Gem on Facebook, and went to their booth at Tucson. Justin helped me find the right stone. Maybe an alexandrite next time!

    Elizabeth Ross Avatar
    Elizabeth Ross
    3/09/2020

About our store

Our gem workshop is located in Manhattan’s International Gem Tower – the global heart of the precious stone trade. We service clients from all over the world.

Our Workshop


50 West 47th Street, Suite 1518, New York, N.Y




(212) 382-1314




About Us

Joseph “Joe” Zaroovabeli founded our company in 1977, after years of learning, traveling, and trading.

 Joe selects the rarest gemstones for his own collection. We have decided to share Joe’s private collection with the discerning gemstone buyers and collectors of the world.

Quality You Can Trust

All our gems are lab certified, and we provide reports. We’ve been in the gem business for over 40 years, and take pride in our reputation.

Custom Jewelry Available

Our in-house jeweler will work with you to create the perfect design. Just choose the option at checkout and we’ll be in touch.

Free Insured US Shipping

We’ll ship to you, wherever you might be, and we’ll keep you updated on your order at every step of the way.

40+ Years Of Experience

We’re a father-and-son business who stand by our reputation.

Satisfaction Guaranteed

We don’t rest until you’re 100% satisfied with your purchase.

Join our email list to stay up to date on our inventory of some of the rarest gems available. Sign up today for a

Complimentary Custom-Made Ring Design*

*On Purchases greater than $3,000. Exclusions apply

Red Diamond and Blue Diamond

Time and time again the notion of diamonds being rare has been displaced. There are exceptions to everything. Red diamonds and blue diamonds are amongst the most highly sought collectors items in the world. Their scarcity is unmatched. Most recently, a 12.11 carat fancy intense blue diamond sold for approximately $1.3 Million Per Carat! Sotheby’s Auction House estimates this 1.38 ct Red Diamond to sell for $1.8 to $2.8M USD!

Fancy Blue Diamond Ring- Source: Christie’s
Fancy Red Diamond Ring- Source: Sotheby’s