Spinel (meaning): It is a precious gem of transparent red, darkish and yellowish red. Red color of spinel is so close to ruby that quite a few spinels were wrongly mistaken as rubies in the past.
Ruby popularly known as ‘Black Prince’ among the jewels of the British Brown is not actually a ruby but it is a red spinel.
Spinel is good for financial gains and protects the wearer against unforeseen losses.
For more information on spinel properties click here.