Red Spinel is a gemstone that can make owner's energy positive. It has very bright and positive meanings and effects. Red Spinel is known as a gemstone that works on things and the body more than the mind. ... This gemstone is usually used to increase business luck or money luck. It would fill up the energy to get wealth.
The Spinel is a gem most famous for its history of confusion with the ruby. The famous Timur Ruby, now owned by Queen Elizabeth of England, is in fact a 361 carat spinel.