Price and Prejudice

For Jane Austen, matrimony was as much aGenerally, ruby and emerald are also priced higher
financial transaction as an emotional one, withthan a comparable quality sapphire due to rarity.
everyone trying to get the best possible bargain.For a one-carat stone of average to good quality
Buying a gem is also the beginning of a life-longin the varieties in this category, you can expect
relationship and the price you pay is part of theto pay between $250 and $10,000 per carat. Of
deal. Understandably, you don't want to pay toocourse truly fine gems will cost more.
much.The new classics are gemstones that are the
So how can you tell if you are paying the rightrising stars of gemstone jewelry: tanzanite,
price?tourmaline, aquamarine, imperial topaz, and
First of all, don't ask how much you should paytsavorite garnet. These gemstones are
for a one-carat ruby. A one carat ruby can besometimes available in standardized sizes but you
worth ten dollars or it can be worth $10,000.really should look at some fine larger single stones
Quality makes the difference. Fortunately you canto see why they have so many fans. Gems in
see differences in quality if you look at a lot ofthis category range between $50 to $1,000 per
rubies side-by-side. Better color costs more, a lotcarat for an average to good quality one carat
more. Better clarity costs more. Better cut maystone, with a good example of tsavorite easily
cost a little more but it is worth it! The bigger thereaching $3,000 per carat.
stone, the more it is per carat. Within eachConnoisseur gems are gemstones that have a
variety, prices are based on these four Cs, withmore specialized market because they are more
color as the most important factor.rare. These gemstones include black opal, jadeite,
But different varieties have different price ranges.pink topaz, chrysoberyl cat's-eye, fancy colored
This is where the prejudice comes in. Somesapphires, and rare stones like demantoid garnet
varieties are lower in price because they areand alexandrite. These gemstones are highly
readily available, some because the color isn't veryprized and prices range from $250 to $5,000 per
popular (brown and yellow stones, for example),carat, although alexandrite with a good color
some because the material is relatively soft, andchange will command at least $10,000 even in a
some because ...they have all the right stuff butone-carat size.
no one knows it. There are plenty of examples ofCollector's gems are not available in quantity to be
beautiful rare gemstones that cost less thanmarketed effectively so you get a lot of beauty
gems that are less rare because they have afor the money. This category includes spinel,
funny name, or people get them confused withzircon, moonstone, morganite and other beryls,
an inexpensive variety or no one has ever heardand many rare gemstones. Red and hot pink
of them. But enough about the injustice of thespinels can command a few thousand per carat
gem market.but most of the gems in this category will sell for
We can break the price ranges of the differenthundreds not thousands.
gem varieties down into five basic categories:Then there are the affordable gemstones, which
traditional gemstones, new classics, connoisseurcombine great color with a surprisingly reasonable
gems, collector gemstones, and affordable gems.price and good availability. These gems include
These categories have basic price ranges, but,some old favorites and some new gems:
again lower quality stones or stones with lessamethyst, white opal, citrine, ametrine, peridot,
popular colors may cost less and stones withrhodolite garnet, blue topaz, iolite, chrome diopside,
particularly fine quality or color may cost more.kunzite, andalusite, and many ornamental
These price ranges are meant to give you agemstones such as lapis lazuli, turquoise, onyx,
general idea of the relationship of prices betweenchrysoprase, nephrite jade, and amber. Prices for
different kinds of gemstones and not to serve asthese gemstone range between $5 and $100 per
a price list, since color and quality can make suchcarat for a one carat stone.
a difference.In every variety, especially the more expensive
The traditional gemstones are ruby, emerald andones, you should expect to pay more for
blue sapphire. Because of their lasting appeal andmatched pairs, sets, and special shapes and cuts.
distinguished history, ruby, emerald and sapphireCourtesy of International Colored Gemstone
are more valuable than other colored gemstones.Association (ICA).