Refraction is the change of direction and speed of light when entering a gemstone. Refraction is one of the components that creates the effects that results in the beauty of gemstones.
The observed quantity of light reflected is partly a factor of the quality of the surface. And the harder a gem, the better the quality of the surface than can be created.
Reflections off inclusions in semi-transparent or opaque gems can create a variety of light and color effects such as aventurism.
Interference is an important effect that is often difficult to grasp. Basically, the effect is produced when two or more waves of light are traveling on the same path after having traveled different distances.
An infinite number of phase possibilities exist. What we observe are those light rays left over after reinforcement and cancellation.
Other colors will have been reinforced and be perceived as more vivid. The play of color in opal is a good example of an interference effect on light.