The Colombian emerald is one of the most valued gemstones on the world market due to its purity, color and origin. Emerald prices have varied considerably over the years, affected by market factors as well as by their quality and specific characteristics.

This article examines the evolution of Colombian emerald prices, analyzing the elements that influence their value, as well as a timeline of fluctuations over the past 50 years.

What Factors Influence the Price of a Colombian Emerald?

The price of a Colombian emerald depends on several aspects that give it its prestige and attractiveness in the market:

1. Color : Color is essential for an emerald, especially for Colombian emeralds, which tend to have deep green tones. The more uniform and deeper the color, the higher its value.
2. Clarity : Clarity or purity is another crucial aspect. Although inclusions are common in emeralds, those with fewer inclusions or “gardens” command higher prices.
3. Size and Weight : Size is measured in carats and naturally a heavier emerald has a higher value, provided its quality is high.
4. Cut : A good cut highlights the beauty of the stone and its ability to reflect light. Colombian emeralds with an excellent cut can reach significantly higher prices.

Timeline of Colombian Emerald Prices: 50 Years of History

• 1970s – 1980s: Rise in Popularity

During the 1970s and 1980s, demand for Colombian emeralds grew in markets such as the United States and Europe. This led to an increase in price, especially for those mined in famous mines such as Muzo and Chivor.

• 1990s – 2000s: Decline and Recovery

In the 1990s, political and social instability in Colombia affected emerald production and prices. However, with the improvement in the situation, prices began to recover, especially in the late 2000s.

• 2010s: Boom in Asian Markets

With growing demand in Asia, especially in China and India, prices for Colombian emeralds experienced a new boom. This attracted investors and collectors who valued the rarity and beauty of these stones.

• 2020 – Present: Investment Value and Sustainability

In recent years, the focus on sustainability and responsible mining practices has influenced the price of Colombian emeralds, giving them additional value as ethical jewels.

Paula A. Bonilla

Social communicator and journalist from Sergio Arboleda University in Colombia. She is also a jeweler and is passionate about constantly learning about precious gems and national fine jewelry.

Currently, she works for one of the most important jewelry stores in Bogotá, Esmeralda by Love. This jewelry store has more than 40 years of experience and has 2 physical branches in the capital of Colombia, located in the city center .