Markets/Turquoise

Turquoise

USA, China, Iran · 5 specimens

$30
per carat+0.1%
P10
$8
P25
$18
Median
$30
P75
$90
P90
$126
Turquoise
Turquoise
Turquoise
Turquoise
Turquoise
Turquoise

Turquoise is a hydrous copper aluminum phosphate that typically forms in veins and nodules within host rock. It is known for its blue to greenish-blue color, often with black, brown or tan matrix patterns. With Mohs hardness about 5–6 and generally good toughness when compact, turquoise is widely used in cabochons, beads and inlay work.

Price History

$23
2020
$24
2021
$26
2022
$28
2023
$29
2024
$30
2025
2020Sleeping Beauty mine closed; prices for distinct blue skyrocket.
2021Market recovers; supply chains restart slowly.
2022Chinese material dominates lower end; US material premium.
2023Inflationary pressures normalize; steady growth.
2024Stable demand in Southwest/Boho jewelry.
2025Investment value for provenance (Lander Blue

Specimen Data

Shapes
Pear
1

Value Drivers

Carat

Carat weight is important for larger, high-quality cabochons and freeforms with desirable color and minimal matrix. Because turquoise is often used in sizeable pieces for bracelets, necklaces and belt buckles, larger cohesive pieces of fine quality can command higher absolute values, though price per carat is also strongly tied to color and origin.

Color

Color is the primary value factor. The most coveted turquoise shows a uniform, medium robin's-egg blue (sometimes called 'Persian blue') with minimal green or gray. Strong greenish or very pale hues trade at lower values, though some markets prefer fine spiderweb matrix patterns that add character.

Clarity

For turquoise, clarity refers to density, porosity and matrix distribution. Compact, low-porosity material that can take a good polish is preferred. Stones with excessive porosity, chalky texture or unstable matrix are less durable and typically require stabilization to be usable in jewelry.

Cut

Turquoise is usually cut as cabochons, beads and inlay pieces. Quality cutting emphasizes shape symmetry, balanced matrix distribution, and a smooth, even polish. Because of its relative softness, turquoise is best used in settings that protect edges and surfaces from abrasion.

Market Dynamics

Supply

Important turquoise sources include Iran, the southwestern United States (Arizona, Nevada, New Mexico), China, Egypt and others. Many historic mines have reduced output or closed, while newer operations and reactivated mines in China and the U.S. supply much of today's material. Natural, untreated high-grade turquoise is relatively scarce.

Total turquoise resources across all grades are significant, likely in the hundreds of millions of carats, but high-quality, dense, naturally colored material suitable for fine jewelry is a small proportion of total output.A large share of turquoise in circulation is treated or stabilized to improve durability and color. Natural, untreated material from famous mines is limited and highly prized by collectors and artisans. in circulation
Demand

Demand is strong and culturally rooted, especially in Native American and Southwestern jewelry traditions, Middle Eastern adornment and global fashion. Turquoise remains popular in both artisanal silver work and contemporary designer pieces.

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

Turquoise has been valued for thousands of years, with ancient mines in Iran (Persia), Sinai and Central Asia supplying early civilizations.

Stabilization—impregnating porous turquoise with clear resin—is a common and generally accepted treatment for lower-grade material, but must be disclosed.

Reconstituted or 'block' turquoise, made from powdered material and resins, is widely used in low-cost jewelry and must not be confused with natural stone.

Fine spiderweb turquoise, where thin matrix lines form intricate patterns, is highly prized by collectors, especially from famous mines like Bisbee or Lander Blue.

Turquoise is sensitive to skin oils, perfumes and cosmetics, which can darken or discolor the stone over time; careful wear and cleaning prolong its appearance.

Because of the prevalence of dyed howlite and magnesite imitations, gemological testing and trusted sourcing are important in the turquoise trade.

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