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Ammolite is a gemstone made from the fossilized shells of ammonites, ancient marine mollusks that lived approximately 70-75 million years ago. It is primarily composed of aragonite, which is the same material found in the nacre of pearls. The iridescence of ammolite comes from the light interference that occurs when the aragonite layers split incoming light into its various spectral colors.

Here are some key points about ammolite:

1. Origin: The primary source of ammolite is the Bearpaw Formation, located in Alberta, Canada. This area was once part of the Western Interior Seaway, an ancient sea that existed during the Late Cretaceous period. Ammolite is also found in other parts of the world, including the United States and Madagascar, but Canadian ammolite is highly prized for its quality and vibrant colors.

2. Color and Pattern: Ammolite exhibits a dazzling array of colors, including shades of green, red, orange, yellow, and blue. The colors and patterns can vary widely depending on factors such as the mineral composition, the angle of light, and the cutting and polishing techniques used.

3. Uses: Ammolite is mainly used in jewelry, where it is often cut and polished into cabochons or other shapes to highlight its iridescence. It is commonly set into pendants, earrings, and rings. Some artisans also use ammolite to create decorative objects and artwork.

4. Symbolism and Metaphysical Properties: In metaphysical beliefs, ammolite is associated with transformation, energy flow, and prosperity. It is said to stimulate creativity, enhance vitality, and promote emotional healing. Ammolite is also believed to have grounding and balancing properties.

5. Rarity and Value: Ammolite is considered rare and valuable due to its limited availability and unique beauty. High-quality ammolite with intense and vibrant colors can command significant prices in the gemstone market, especially larger and more finely patterned specimens.

Due to its rarity and the finite supply of high-quality material, ammolite is highly prized by collectors, jewelry enthusiasts, and metaphysical practitioners. However, it's important for buyers to ensure that they purchase from reputable sources to guarantee the authenticity and quality of the gemstone.