Amber is interesting as a gemstone as it is originally from tree resin. It is not sufficent to classify hardened tree resin as amber, as in order to be amber polymerisation must first occur. This is the process of creating many chains of bonded atoms, called polymers, this process does not have to be fully understood but it is important to know that without sufficent polymerisation amber is soluable in solvents. After polymerisation the amber becomes much less soluble to the extent that polymerised amber will not become sticky when wetted with something such as ether.
Amber is most commonly associated with the orange colour to which it gives it’s name, but amber is also common in yellow, brown and ocassionally green and blue. The blue amber is, as of the time of writing, only found in one place in the world, the Dominican Republic, and called Dominican Blue Amber. Dominican Blue Amber is actually a transparent white colour but when sunlight enters the amber it is refracted within the amber which then emits a blue hue. However, when the amber is viewed under artificial light it looks white.
Baltic amber, which is probably the amber you have seen most of, is almost always the orange colour, and does not change colour like the Dominican Blue Amber. Because amber is so soft, a 2.5 on the moh scale of hardness it is rarely step cut as other gemstones are, but it can still be used in engagement rings. Furthermore most amber has airbubbles inside the amber, these airbubbles affect the light performance of the amber and lead to a cloudy or milky appearance. Milky amber is filled with so many of these airbubbles that when viewed through a microscope resembles sea foam.
Amber is also an incredible preservative, with fully preserved fossils of insects that are at least 60 million years old. Furthermore, scientists have recently extracted the oldest specimen of DNA from amber that was 40 million years old.