This elegant ring displays a 5.99-carat peach Mozambique morganite framed by a halo of white diamonds that continue along the band, totaling 0.82 carat. After morganite was discovered in Madagascar in 1910, Tiffany & Co. introduced the gem to the American market, naming it in honor of financier and avid collector J. P. Morgan. The emerald cut stone’s warm hue comes from traces of manganese, and its captivating color has grown increasingly popular in recent years. Set in 18K yellow gold.