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Topaz makes an ideal gem. A good hardness and desirable colors, combined with a relative abundance and availability makes it one the most popular gemstones. The most valuable colors of Topaz are the golden orange-yellow type, called Imperial Topaz, and the dark pinkish-red and orange-red colors. Value increases with a deepness of color in orange and reddish hues. The most commonly used colors of Topaz in jewelry are the blue colored variety.

The ancient Greeks believed that topaz gave them strength. In Europe during the Renaissance (the period from the 1300s to the 1600s) people thought that topaz could break magic spells and dispel anger. For centuries, many people in India have believed that topaz worn above the heart assures long life, beauty, and intelligence.
The name for imperial topaz originated in nineteenth-century Russia. At the time, the Ural Mountains were topaz’s leading source, and the pink gemstone mined there was named to honor the Russian czar. Ownership of the gem was restricted to the royal family.