Why should diamond rings get all the attention? Gemstone rings set with precious or semi-precious stones are unique and beautiful. Receiving a sapphire as an engagement ring has become more commonplace in recent years: sapphires are available in blue, pink, yellow, or even white (also known as colorless). Morganite’s peachy pink shade is also growing in popularity. If you’re considering a gemstone engagement ring, or a gemstone fashion ring, look for something that you’ll feel comfortable wearing every day. With a sapphire or other precious gemstone ring, you will stand apart.