Markets/Moonstone

Moonstone

Sri Lanka, India · 23 specimens · 13.0ct avg

$10
per carat+0.1%
P10
$15
P25
$35
Median
$10
P75
$180
P90
$252
Moonstone
Moonstone
Moonstone
Moonstone
Moonstone
Moonstone

Moonstone is a feldspar gemstone, typically orthoclase or a combination of orthoclase and albite, known for adularescence—a soft, billowy sheen of light that seems to float under the surface. Body colors range from colorless and white to gray, peach and brown. With Mohs hardness around 6–6.5 and two directions of cleavage, it requires some care but is widely used in jewelry.

Price History

$46
2020
$48
2021
$0.1K
2022
$0.1K
2023
$0.1K
2024
$0.1K
2025
2020Stable demand, pre-pandemic market conditions.
2021Market recovers; supply chains restart slowly.
2022Prices hold steady amidst post-COVID uncertainty.
2023Inflationary pressures normalize; steady growth.
2024Stable supply; prices rise with general inflation.
2025Market stability projected.

Quality Tiers

Commercial
5 listings · $1$2 range
$2
Mid-Market
11 listings · $9$116 range
$10
Premium
5 listings · $193$212 range
$210
Elite
4 listings · $14$140 range
$66

Listings

$187/ct
$1,285
8.24 Carat Oval Moonstone
8.24ctleibish.com
$117/ct
$965.2

Specimen Data

Shapes
Oval
8
Round
8
Cabochon
3
Origins
Africa
2
India
2
Madagascar
2
Malawi, Africa
2
Malawi,Africa
2
Treatments
None
8

Value Drivers

Carat

Carat weight plays a meaningful role, particularly for fine blue-sheen moonstones. Larger, high-domed cabochons that show a centered, vivid sheen are notably more valuable than small or weakly adularescent stones. Commercial material is common in smaller sizes, while larger fine pieces are scarcer.

Color

Color and sheen are primary value drivers. The most prized material features a nearly colorless to very light body color with a strong, electric blue adularescent sheen, sharply centered and mobile with light. Stones with white or diffuse sheen, or with heavily tinted body colors, are generally less valuable, though peach and rainbow varieties have their own markets.

Clarity

Moonstone is usually translucent; fine stones have relatively clean interiors with only minor internal fractures that do not disturb the sheen. Large cracks, cloudiness or heavy inclusions disrupt adularescence and significantly lower value.

Cut

Cut is critical. Moonstone is almost always cut as cabochons, with dome shape and orientation carefully chosen to position the sheen centrally and perpendicular to the base. A smooth, even polish is essential for a pleasing glow. Poor orientation can result in weak or off-center adularescence.

Market Dynamics

Supply

Moonstone deposits are found in Sri Lanka, India, Myanmar, Madagascar and several other countries. Commercial supplies of standard-quality material are fairly abundant, though fine blue-sheen stones with good transparency and size are significantly less common.

Total moonstone resources for commercial-quality material are large—likely hundreds of millions of carats—while high-grade blue-sheen moonstones represent a smaller but important portion.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

Demand is strong across mass-market, artisan and fine jewelry segments, driven by moonstone's romantic associations and optical effect. Rainbow and peach moonstones are popular in contemporary boho and designer styles, while classic blue-sheen material remains a staple in fine jewelry.

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

News

No news coverage yet

Insights

Moonstone has been used in jewelry for centuries and was especially popular during Art Nouveau and Art Deco periods.

The adularescent effect arises from light scattering within thin, alternating layers of feldspar with slightly different compositions.

Some feldspar gems marketed as 'rainbow moonstone' are actually labradorite feldspar with a multicolored sheen, though the trade name persists.

Moonstone's cleavage and moderate hardness mean that protective settings and careful wear are advisable, especially for rings.

High-quality blue moonstone from Sri Lanka with strong, centered sheen commands notable premiums compared with more common Indian material.

Synthetic moonstone is not common in the gem trade; imitations tend to be glass or plastic with comparable opalescent effects.

Have a Moonstone?

AI identification, grading, origin detection & market valuation