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Emeralds are green and sometime green with a blueish-tint precious gemstones that are mined in various geological settings. They are minerals in the beryl group of silicates. For more than 4,000 years, emeralds have been among the most valuable of all jewels. Colombia, located in northern South America, is the country that mines and produces the most emeralds for the global market, as well as the most desirable. It is estimated that Colombia accounts for 70–90% of the world's emerald market. While commercial grade emeralds are quite plentiful, fine and extra fine quality emeralds are extremely rare. Colombian emeralds over 50 carat can cost much more than diamonds of the same size.
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