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Chrysoberyl is the name of a mineral as well as three different gem varieties--two of which are widely accepted as some of the most rare and valuable of all phenomenal gems. The gem commonly known as chrysoberyl is a yellowish-green, brownish-yellow, or colorless transparent to translucent mineral that is usually faceted into gems and generally considered a collector's stone. While not often set in jewelry, its characteristics make it ideal for such use. When chrysoberyl displays color-change properties, it is known as alexandrite, and when it exhibits chatoyancy, it is known as cat's eye chrysoberyl.