Markets/Aquamarine

Aquamarine

Brazil, Pakistan, Nigeria · 120 specimens · 8.0ct avg

$120
per carat+0.1%
P10
$43
P25
$135
Median
$120
P75
$875
P90
$1.3K
Aquamarine
Aquamarine
Aquamarine
Aquamarine
Aquamarine
Aquamarine

Aquamarine is the blue to blue-green variety of beryl, colored primarily by iron. It has Mohs hardness 7.5–8, good toughness and typically high clarity, making it a durable and popular gemstone for all jewelry types.

Price History

$0.2K
2020
$0.2K
2021
$0.2K
2022
$0.2K
2023
$0.2K
2024
$0.2K
2025
2020Steady demand for jewelry manufacturing.
2021Market recovers; supply chains restart slowly.
2022Rising demand for deeply saturated "Santa Maria" colors.
2023Inflationary pressures normalize; steady growth.
2024Supply constraints in fine quality Nigerian material.
2025Strong demand for unheated blue material drives moderate growth.

Quality Tiers

Commercial
29 listings · $2$29 range
$23
Mid-Market
52 listings · $109$1.1K range
$196
Premium
10 listings · $1.7K$1.9K range
$1.9K
Elite
3 listings · $3.1K$3.1K range
$3.1K

Listings

$4.2K/ct
$30,513.7
$3.9K/ct
$13,053.7
$3.3K/ct
$16,517.6
$3.1K/ct
$3,302.5
$3.1K/ct
$3,668.5
$3.1K/ct
$3,882
$3.1K/ct
$3,882
$3.1K/ct
$5,163
$2.7K/ct
$8,072.8
$2.7K/ct
$22,038.4
$2.5K/ct
$13,753
$2.5K/ct
$16,877.2

Specimen Data

Shapes
Oval
59
Pear
25
Cushion
15
Round
10
Octagon
7
Origins
Brazil
60
Africa
21
Mozambique
2
Thailand
2
Bisbee
1
Treatments
Heated
27
None
18

Value Drivers

Carat

Carat weight strongly influences price at higher quality levels. While aquamarine is available in large crystals, fine, deeply saturated stones above 5–10 carats are significantly rarer than pale material and command meaningful per-carat premiums.

Color

Color is the primary value driver. The most desirable stones display vivid, medium to medium-dark blue with minimal green or gray. Pale, almost colorless stones are abundant and generally inexpensive per carat.

Clarity

Aquamarine is typically very clean, so buyers expect eye-clean stones. Visible inclusions, especially in larger gems, can markedly reduce value, although some collectors appreciate rare, well-formed fluid inclusions or growth tubes.

Cut

Cut quality plays an important role in maximizing brilliance and color. Aquamarine often appears best in emerald, oval or pear cuts that align the c-axis to concentrate color. Poorly proportioned or overly shallow cuts can make stones look washed out.

Market Dynamics

Supply

Significant aquamarine deposits are found in Brazil, Nigeria, Mozambique, Pakistan and other countries. The overall supply of pale material is robust, while strongly colored rough is more limited and often tightly controlled by major dealers.

Total global supply likely reaches into the hundreds of millions of carats across all qualities, with high-saturation material forming a relatively small but important segment.A high proportion of production is cut into calibrated stones, beads or carvings and actively traded through jewelry manufacturers, wholesalers and online retailers. in circulation
Demand

Aquamarine enjoys broad, long-term demand as a classic pastel blue gem used in both mass-market and high-end jewelry. Its association with March birthstones and bridal jewelry supports consistent purchasing across regions.

Recent Trends: steady demand from the broader jewelry market, with gradual growth in online and designer channels for well-cut, natural stones.

News

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Insights

Brazil has historically been the dominant source of fine aquamarine, producing large, clean crystals suitable for major statement pieces.

Many aquamarines are routinely heat-treated to remove greenish components and enhance pure blue color; this is widely accepted when disclosed.

Exceptional dark blue stones from select localities can trade at much higher prices per carat and are sometimes branded with locality names to emphasize rarity.

Because beryl is relatively light in specific gravity, even large aquamarines are comfortable to wear in earrings and pendants.

Aquamarine has a long history in Art Deco and mid-20th-century jewelry, where large, pale blue stones were used in bold, geometric designs.

The same mineral family includes emerald and morganite, allowing designers to create multi-colored beryl suites that highlight different hues within a single species.

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