Morganite is also referred to as Pink Beryl or Pink Emerald. It is from the same family of colored stones as emeralds and aquamarines and is much rarer and less well known than emeralds and aquamarines. It was discovered by George F. Kunz, who named it after the stone's biggest collector, J.P. Morgan. Color hues range from light pink to a rich peach-pink. Morganite is mined in SOuthern California, South America and Africa.