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💎 Valuation guide

Aquamarine: price and value per carat

Aquamarine is the sea-blue variety of beryl, sister to emerald. Clean and durable, its value rises with the depth and purity of its blue.

Aquamarine gemstone
$30 – $1,500+indicative range / carat
Family
Beryl (blue variety)
Hardness (Mohs)
7.5–8/10 — durable
Colors
Light blue to deep blue, slightly green
Top origins
Brazil, Pakistan, Mozambique
Varieties

The different types of aquamarine

Aquamarine is graded mostly on how deep and pure-blue its color is; the best stones glow without greyness.

Santa Maria aquamarine
Most prized

Santa Maria aquamarine

A deep, pure blue (originally Santa Maria de Itabira, Brazil). The most coveted and valuable grade.

$300 – $1,500+ /ct
Classic

Sky-blue aquamarine

The familiar light blue of most jewelry; clean, bright and excellent value.

$50 – $300 /ct
Phenomenon

Cat's-eye aquamarine

Rarely, fine needles create a chatoyant band in a cabochon — a collectible effect.

$80 – $500 /ct
Valuation

What drives a aquamarine's value

Six main criteria determine the price per carat. It is their combination that sets the final value.

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Color

The leading factor: a deep, pure blue (less green, no grey) is most valuable. Pale stones are abundant and inexpensive.

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Origin

Brazil (Santa Maria, Marambaia) is the benchmark; Mozambique and Pakistan supply fine deep blues.

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Treatment

Most aquamarine is gently heated to remove green/yellow tints and enhance blue; this is standard and stable.

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Clarity & cut

Aquamarine is typically very clean; eye-visible inclusions reduce value noticeably.

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Weight (carat)

Large clean stones are common, so deep color matters more than size for value per carat.

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Certificate

A report from a recognized lab (GIA, SSEF, Gübelin, GRS, AGL) confirms identity, origin and treatment, securing the valuation and resale.

Depth and purity of blue
The decisive factor

Depth and purity of blue

A rich, pure blue is the goal; the famous "Santa Maria" grade describes the deepest, most coveted color.

Greyish or very pale stones are plentiful and far cheaper.

Santa MariaPure blueNo grey
Treatment and clarity

Clean by nature

Aquamarine usually forms very clean, so eye-clean is expected and inclusions count against value.

Gentle heating to improve blue is routine, stable and accepted across the trade.

Eye-cleanHeated = standardDurable
Provenance

Famous origins & impact on price

Geographic origin can be a strong prestige marker that weighs on value.

🇧🇷 Brazil

Santa Maria and Marambaia: the deepest blues.

High for fine blue

🇲🇿 Mozambique

Fine deep-blue material ("Santa Maria Africana").

Mid-high price

🇵🇰 Pakistan

Clean bright blues from high-altitude mines.

Mid price

🇳🇬 Nigeria

Good commercial supply.

Accessible

🇲🇬 Madagascar

Wide range of blues.

Accessible

🇿🇲 Zambia

Greenish to blue material.

Accessible
Investment

Aquamarine value over time

Illustrative price index (2010 = 100) for fine, certified stones.

Steady demand for deep blue

Fine Santa Maria-grade aquamarine has appreciated as deep-blue rough becomes scarcer.

Pale commercial stones remain affordable and plentiful.

+60%fine aquamarine index, 2010–2025
3.2%avg. annual appreciation*

Illustrative figures for fine, certified stones — not financial advice.

10412214015920102014201820222025
Fine aquamarine price index (2010 = 100)
Benchmarks

Indicative price ranges

Orders of magnitude for a faceted aquamarine — deep Santa Maria-grade stones sit at the top.

Quality
Origin / treatment
Indicative price / carat
Pale
Light blue, clean
$30 – $80
Good
Medium blue, clean
$80 – $300
Very fine
Deep blue (Santa Maria)
$300 – $800
Exceptional
Top deep blue, large
$800 – $1,500+

Indicative estimates — they do not replace a laboratory appraisal.

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FAQ

Frequently asked questions — Aquamarine

How much is an aquamarine worth per carat?
From about $30/carat for pale stones to over $800/carat for a deep, pure-blue Santa Maria-grade aquamarine.
What is Santa Maria aquamarine?
A trade term for the deepest, purest blue, originally from the Santa Maria mine in Brazil — the most coveted grade.
Is aquamarine heated?
Most aquamarine is gently heated to remove green tints and enhance the blue. This is standard, stable and accepted.
Why are some aquamarines so cheap?
Pale, light-blue aquamarine is abundant; value rises sharply with depth and purity of the blue.
How do I value my aquamarine for free?
Use the GemValue Pro online estimator: enter color, weight and clarity for an instant range and a detailed report.

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