Ammolite is composed of the fossilised shells of Ammonites. The different layers of the shell, which is formed of Aragonite, yield different colours - blues and purples are the top layers, which are the hardest to find as they are the first ones to erode or get damaged. Then comes greens and yellows, and finally reds are the deepest layer. Ammolite, also known by the trade name Koroite, is a very rare gem as it is only mined in southwest Alberta, Canada.

Ammolite is believed to hold the wisdom and knowledge of the universe and may help the wearer channel and focus their energy. Its vibrant colours and patterns are said to enhance creativity and inspire new ideas. Ammolite is also believed to have healing properties and may help relieve depression, anxiety, and other emotional issues. It helps to to attract wealth and abundance to the wearer, while also helping to harmonize with their environment.