Morganite is the pretty, peachy-pink variety of beryl, a mineral that includes emerald and aquamarine. Untreated morganite often has a strong orange color component, creating a salmon color. Morganite was named in honor of J. P. Morgan, one of the greatest financier and gem enthusiasts in history. Strong color in morganite is rare and gems usually have to be large to achieve the finest color. As with most gemstones, the more richly colored the specimen, the higher it is prized. Morganite has many redeeming qualities, including durability, luster, clarity and brilliance.