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ammolite is considered quite rare. It’s a unique gemstone because it’s formed from the fossilized shells of ammonites, and high-quality ammolite with vibrant colors and good clarity is relatively uncommon. The primary source of ammolite is in the Lethbridge area of Alberta, Canada, which makes it geographically limited.

Due to its rarity and the intricate process required to extract and prepare it, ammolite can be more expensive than many other gemstones. The rarity is compounded by the fact that not all ammonite fossils contain the iridescent layers needed to produce high-quality ammolite. As a result, when you find a well-preserved, colorful piece, it’s quite special!