[2] Morganite is mined in Brazil, Afghanistan, Mozambique, Namibia, the United States, and Madagascar.

[4][5] Following the discovery of a new locality for rose beryl in Madagascar in 1910, George Kunz proposed the name morganite at a meeting of the New York Academy of Sciences on 5 December 1910 to honour his friend and customer J.P. Morgan[6][7] for his financial support for the arts and sciences, and his important gifts of gems to the American Museum of Natural History in New York and to the Museum of Natural History in Paris.

Morgan was one of the most important gem collectors in the early 1900s – his collection was partly assembled by Tiffany and Company and their chief gemmologist, Kunz.

[2] Pink beryl of fine color and good sizes was first discovered on an island off the coast of Madagascar in 1910.

In December 1910, the New York Academy of Sciences named the pink variety of beryl "morganite" after financier J. P.