In gemology, chatoyancy, also called chatoyance or the cat's eye effect, is an optical reflectance effect seen in certain gemstones, woods, and carbon fiber. Coined from the French œil de chat, meaning 'cat's eye'. The chatoyant effect is typically characterized by one or more well-defined bands of reflected light, reminiscent of a cat's eye, which appear to glide across the material's surface as the chatoyant object or observer shifts position.

Optical phenomena are any observable events that result from the interaction of light and matter.