Opal · Price Guide
Opal Price Guide (2026)
Opal pricing is driven overwhelmingly by play-of-color quality and body tone rather than by the size/clarity axis that governs transparent gems — a small black opal with a vivid red flash can cost many times more than a much larger white opal with a weak, patchy play-of-color.
Indicative price bands
| Quality tier | Typical range |
|---|---|
| Commercial (weak play-of-color, light body tone) | ₹2,000 – ₹8,000 per carat |
| Good (solid multi-color play, crystal or white body) | ₹8,000 – ₹25,000 per carat |
| Fine (vivid, broad-spectrum play-of-color, strong body tone) | ₹25,000 – ₹80,000 per carat |
| Collector (fine black opal with red flash, harlequin pattern) | ₹80,000+ per carat |
Indicative starting points for loose, certified natural opal in the Indian market — the specific stone's color, clarity, cut, and certificate determine the final price. Request a quote for an exact figure against a documented stone.
See how to judge quality for yourself in our Opal buying guide, and how we verify every certificate on our Opal certification page.
Common Opal Price Questions
Why is a small black opal sometimes more expensive than a much larger white opal?
Body tone and play-of-color intensity matter far more than size — a dark body tone makes colors appear to glow, so even a small vivid black opal can outvalue a larger, weaker-colored white opal many times over.
See Current Opal Listings
Browse certified natural opal in our catalog, or reach out for anything specific.