The Gemius IndexTOP

Topaz

Four market segments for topaz, Entry to Investor. Each shows its price index, market band and an example grade. Refreshed every quarter.

By market segment

Where a topaz lands depends on its origin, colour, clarity, treatment and size.

Entry

Commercial
Price index97.0 0.8% qtr
Q1 2025: 100.0Q2 2025: 99.2Q3 2025: 99.4Q4 2025: 98.0Q1 2026: 97.8Q2 2026: 97.0
Q1 2025Q2 2026
Example grade (e.g.)Brazil / MadagascarSky / London / Swiss blueHeated / Irradiated · VS clarity1 – 10 ct
Market band$8 to $30 / ct

Mid

Good
Price index102.0 0.5% qtr
Q1 2025: 100.0Q2 2025: 100.6Q3 2025: 100.4Q4 2025: 101.3Q1 2026: 101.5Q2 2026: 102.0
Q1 2025Q2 2026
Example grade (e.g.)BrazilYellow / sherry / peachVS clarity · Untreated2 – 8 ct
Market band$30 to $130 / ct

Premium

Fine · Headline
Price index109.0 2.2% qtr
Q1 2025: 100.0Q2 2025: 102.5Q3 2025: 101.8Q4 2025: 105.8Q1 2026: 106.7Q2 2026: 109.0
Q1 2025Q2 2026
Example grade (e.g.)Brazil Ouro Preto / PakistanImperial reddish-orangeVVS clarity · Untreated3 – 10 ct
Market band$820 to $1,200 / ct

Investor

Extra-Fine
Price index110.0 2.3% qtr
Q1 2025: 100.0Q2 2025: 102.8Q3 2025: 102.0Q4 2025: 106.5Q1 2026: 107.5Q2 2026: 110.0
Q1 2025Q2 2026
Example grade (e.g.)Brazil Imperial / pinkVivid red-pink (rare)VVS · Untreated5 ct +
Market band$1,200+ / ct

Price index base 100 at Q1 2025. Market band is the per-carat range across the segment. Example grades are illustrative, not an offer to buy or sell. As of Q2 2026.