Australian Opals' intrinsic beauty and ever-changing rainbow coloured spectral play of colour make them the most valuable and highly sought-after gems in the world. Īustralia’s opal mines offer the finest variety of natural opal gemstones found. Unfortunately, because of it’s rarity and the relentless overseas demand for opal, the local Australian customer has not had a great deal of exposure to the incredible colour and pattern of Australian Opal, but this is changing! Overseas markets are still increasing the demand because Opal is so unique, making each jewelry piece eminently collectable. But favourable publicity, and Covid meaning more Australians holidaying in Australia has encouraged more local adventurers to search for it.
Opal is still forming in the opal fields, and hopefully new deposits will always continue to form… but where they are hidden is the mystery! What we do know is that Australian Opals are incredibly difficult to find and only occur in tiny pockets. No one really knows how much opal is potentially hidden in the Australian Outback. According to anecdotal evidence, Boulder Opal prices have increased by up to 25% every year, while White, Crystal, and Black Opal prices have increased by 15% per year. As a result, basic economics tells us that Australian Opals are inventively increasing in value. Global demand for typical Australian Opals is constantly growing, and since Australian Opals are non-renewable, the supply is decreasing.
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