Gemstones are made up of a variety of minerals, rocks, and organic materials. With over 300 gemstones currently documented and over 2,000 minerals. There are bound to be some that are much rarer and more valuable than diamonds. Minerals can be classi¦ed into gemstones based on their chemical composition, refraction, crystal structure, and optical characteristics. In the list below, we offer you a selection of the rarest gemstone