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Ammolite is a gemstone primarily found in southern Alberta, Canada, particularly in the area around Lethbridge. It is known for its iridescent, rainbow-like colors, which are caused by the fossilization process of ammonite shells. These shells belonged to creatures that lived in the seas that covered Alberta around 70 million years ago.

Lethbridge, located in the southern part of Alberta, is one of the main areas where ammolite is mined and processed. The gemstone is highly valued for its vibrant colors and unique patterns. It's often used in jewelry and decorative items. Lethbridge has become a hub for the ammolite industry, with several mines, workshops, and stores dedicated to this gemstone.