The Pricing & Value of Opals

There are many beautiful gemstones out there that are known worldwide, the difference between opals and those other gemstones is that opals are very difficult to value due to their characteristics. Determining the price of an opal can be a complex process due to the many factors that can affect its value. We will explain the factors that affect opal pricing and how to determine the value of an opal.

 

• Color - The color of an opal is one of the most important factors that influence its value. Opals show a range of colors throughout the color spectrum . The most valuable opals have a bright and vibrant play of colors without having to move the opals at any angle to see the bright colors. Some of the most valuable opal colors are red, green, yellow, and orange. I would still like to mention that the demand for opals with blue in them make them valuable as they’re highly searched by people.

 

• Size - The size of an opal also affects its value as larger opals have higher prices hence increasing the weight of it. Keep in mind though that the quality of the opal is still the most important factor, and a smaller stone with a high-quality color, pattern, and clarity can be more valuable than a larger stone with lower quality.

 

• Pattern - The pattern of an opal refers to the way the play of colors is arranged within the stone as there are usually shapes around the color giving it a form. The most valuable opals have a precise and well structured pattern. There are patterns such as harlequin or honeycomb that can add tremendous value to the opal as they’re very rare to come across.

 

• Clarity - The clarity of an opal refers to the degree to which it is free from blemishes or inclusions. The clearer the opal is, the more valuable it becomes. However, opals are known for their internal cracks and fissures, which can affect their clarity bringing the value down.

 

• Market Demand - Market demand can also affect the price of opals. If a particular type or color of opal becomes popular or rare, the demand for it can drive up prices. Conversely, if the market is flooded with a particular type of opal, prices may drop as they become more common.

 

• Origin - The origin of an opal can also play a role in its value, as some locations where opals are derived from have a more reputable name than others. Also certain locations have certain kinds of opals that are highly sought after, for example black opals are thought to be the best opals in the world and they usually come from Lightning Ridge in Australia giving Lightning Ridge a higher value.

 

• Determining the Value of an Opal - At last, to determine the value of an opal, it is important to consider all of these factors. A high-quality opal with a strong play of colors, clear clarity, distinct pattern, and large size can demand a high price. Conversely, a lower-quality opal with a less vibrant play of colors, poor clarity, and small size will be less valuable.

 

In conclusion, it is important to work with a reputable jeweler or gemstone dealer who can accurately assess the value of an opal. A professional can take into account all of the factors that affect the value of an opal and give you an accurate price of your opal.