A bluish green chalcedony (a micro to crypto polycrystalline form of silica) from Africa has been marketed with the trademark AQUAPRASETM. A multimethodological approach, combining gemological analyses, thin section examination, scanning electron microscopy, X-ray powder diffraction, Raman spectroscopy, and trace elements chemical analyses by LA–ICP–MS, was carried out to characterize this material from a gemological and mineralogical point of view. The chalcedony samples consist of a mixture of quartz and moganite, as shown by the X-ray powder diffraction analysis and Raman spectroscopy. “Aquaprase” showed a strong microstructural zoning in terms of grain size, from macrocrystalline to micro and crypto, and morphology. Trace element variations correlated well with the different colored areas of the samples. In particular, the main chromophore ion present in the bluish green areas of the “aquaprase” chalcedony was chromium, followed by iron and nickel, so this chalcedony could be included in the group of chromium-bearing chalcedony. Rayleigh light scattering contributed to the blue hue of the gems.