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Since its discovery in 1998 people were mesmerized by this rainbow looking gemstone. It is known for its many names: rainbow topaz, mystic topaz, fire topaz, Caribbean topaz, Alaskan ice, etc. This gemstone was discovered by Azotic Coating company that used a technique called chemical vapor disposition to create this rainbow looking stone. Basically, this is a natural topaz stone that received a thin titanium coating layer. As a result, we received one of the most beautiful, eye-catching gemstones that can be used as a setting in all jewelry.