In 1958 gem-grade red beryl was found while prospecting for uranium. The mine was staked and later called the Ruby Violet Mine. The crystals were only found in an area measuring 900 x 1900 meters. Many people consider red beryl to be the rarest gemstone on earth. Red beryl is estimated to be worth 1,000 times more than gold by weight, and is so rare that only one crystal is found for every 150,000 diamonds that are mined. Top quality natural red beryl gem crystals from the Ruby Violet Claims that have been faceted sell for as much as $10,000 per carat.