Morganite is the light pink to violet-pink variety of green emerald. As a result, pink morganite is sometimes referred to as 'pink emerald'. Morganite and emerald are also related to blue aquamarine, golden beryl (heliodor), colorless goshenite and red bixbite. Among the beryls, morganite is one of the rarest beryls, second only to red bixbite.
George D. Kunz, a famous American gemologist and buyer for Tiffany & Company first identified pink morganite in California , USA in 1910. At first, it was simply called as 'pink beryl', but in 1911, it was renamed by George Kunz in honor of John Pierpont Morgan, an American banker and avid gemstone collector. Since its discovery, morganite has been valued highly by gem collectors owing to its scarity.