Morganite was first discovered in Pala, California in the early 20th century. News spread rapidly about this new and exciting discovery and it became of special interest to George Frederick Kunz, a well-respected gemmologist from New York. In 1911, Kunz later discovered the gem in Madagascar and suggested naming it Morganite, after his biggest customer and banker J.P. Morgan. Morganite cannot fail to cheer you up.