Schist is often the host rock for a variety of gemstones that form in metamorphic rocks. Gem-quality garnet, kyanite, tanzanite, emerald, andalusite, sphene, sapphire, ruby, scapolite, iolite, chrysoberyl and many other gem materials are found in schist.

Gem materials found in schist are often highly included. This is because their mineral crystals grow within the rock matrix, often including mineral grains of the host rock instead of replacing them or pushing them aside. The best metamorphic host rock for gem materials is usually limestone, which is easily dissolved or replaced when the gem materials are formed.