The Value Of Olivine In 2024 By Type (Complete Guide)

By Dr. Keith Jackson - Geology PhD

| Updated

The Value Of Olivine In 2024 By Type (Complete Guide)

By Dr. Keith Jackson - Geology PhD


Olivine, commonly known as Peridot, is a jewel that steals the show. Whether it’s vivid lime or rich olive, this gemstone always catches our attention. But why is Olivine so important, exactly? Let’s reveal the intriguing details!

Olivine has a unique blend of rarity and beauty. Although it may not be as well known as diamonds or rubies, this gemstone is in its class thanks to its unique color and alluring shine.

The real kicker is that Olivine is less common than other gemstones, giving it extra exclusivity and raising its market value.

But Olivine is more complex than it appears. This precious stone has rich cultural importance and significance. It has a long history of being connected to luck, safety, and regeneration. Its enduring attractiveness is only enhanced by its legendary reputation for bringing prosperity and warding off evil spirits.

Olivine deserves your attention whether you’re an obsessive collector, a jewelry lover, or just someone fascinated by nature’s wonder. Discover the mysteries of olivine’s value, price, and enduring worth as we investigate its enticing charm.

Get ready to be mesmerized by the universe of this gorgeous gemstone’s shine.

What Olivine Is

Olivine is a member of the nesosilicate mineral family. Its olive-green color, which ranges from a lively lime shade to a deep olive shade, gave rise to its name. Magnesium, iron, and silicate comprise most of the olivine’s chemical composition, giving the material its characteristic crystalline structure and remarkable toughness.

Olivine is known for its exceptional transparency, which allows light to enter through and enhances its vivid hue. The gemstone comes in various sizes, from tiny crystals to larger, more solid portions. It’s frequently faceted or cut into cabochons to highlight its inherent brilliance and increase its visual appeal.

Geologically, olivine is abundant in basaltic rocks, volcanic deposits, and even meteorites. It forms during the solidification of molten rock, or magma, deep within the Earth’s mantle. Olivine crystals are formed under high temperature and pressure conditions, resulting in exceptional beauty and resilience.

Whether you admire its stunning color or its geological origin, olivine is a gemstone that continues to captivate enthusiasts and lovers worldwide. Its unique characteristics and allure make it a gem worth exploring and cherishing.

How much is Olivine worth

Olivines cost between $50 to $80 per carat. This is the current price for olivines in the market right now.

Why Olivine Is So Expensive

A luxurious pair of olivine earrings
Photo provided by and available for purchase at AllysCustomJewelry

The rarity of olivine raises its appeal and boosts its worth. When cut and polished, Olivine exhibits a stunning shine that can compete with any gemstone. Its transparency lets light shine through, highlighting its vivid hue to produce a mesmerizing visual impact.

Olivine’s extraordinary brilliance and sparkle are another aspect that raises its worth. Beyond its aesthetic appeal, olivine is packed with cultural symbolism. It has a long history of being connected to luck, safety, and rejuvenation. According to popular belief, wearing olivine attracts good fortune and wards off evil spirits, making it more desirable and adding intangible value.

The rarity, scarcity, and historical meaning of olivine contribute to its high value. Olivine still captures people’s attention and maintains its status as a prized gemstone, whether used to adorn jewelry or appreciated in its natural state.

How To Determine The Value Of Olivine

A big olivine pendant surrounded by diamond studs
Photo provided by and available for purchase at TheGlobalStone

There are many various aspects to take into account when estimating a olivine’s value, including the following:


Olivine’s pricing is significantly influenced by its color. Greens that are vivid and vibrant with no discernible brown or yellow overtones are highly desirable and worth more. Particularly sought-after stones are those with a deep, rich shade of olive.


The absence of inclusions or internal flaws within the gemstone is called olivine’s clarity. Stones with excellent clarity, meaning they have minimal visible imperfections, are considered more valuable. Clarity dramatically affects the overall brilliance and transparency of the stone.

Carat Weight

The price of an olivine gemstone is influenced by the stone’s size or carat weight. Larger stones are typically rarer and more expensive. Remember that features like color and clarity also significantly influence price, so a smaller stone with remarkable characteristics may still fetch a premium price.

Cut and Shape

The precision and quality of the cut can significantly impact the price of an olivine gemstone. Well-cut stones with symmetrical facets and excellent proportions enhance the stone’s beauty and maximize its brilliance, commanding a higher value. Popular cuts for olivine include round, oval, cushion, and pear shapes.


The geographic origin of olivine can influence its value. Certain regions are known for producing olivine gemstones of exceptional quality, and stones from these regions may command a premium price due to their reputation.

Olivine Price By Type

An elegant olivine necklace with gold details

Costs for premium Olivine often range between $50 to $80 per carat. Rare specimens may nonetheless fetch a higher price than usual.

Olivine pricing by unit of measurement

The price ranges and prices of various olivines are incredibly diverse. Let’s figure out how much other units of Olivine will cost.

A carat of olivine$50 to $80
A gram of olivine$250 to $400
An ounce of olivine$7,090 to $11,340
A kilogram of olivine$250,000 to $400,000
A pound of olivine$113,400 to $181,440
A ton of olivine$226,796,250 to $362,874,000

How To Get An Appraisal On Your Olivine

A beautiful gold necklace with olivine beads and a pretty pearl

A few factors must be considered for a precise and realistic assessment of your Olivine.

Selecting a credible and knowledgeable appraiser for your Olivine is essential. By doing this, you can guarantee that the value of your olivine is fair and accurate. Look for their credentials, certificates, and reviews to confirm their competence and credibility. You can speak with trustworthy jewelry companies or gemological organizations such as the American Gem Society (AGS) for recommendations.

Make an appointment by calling the appraiser. Make sure to find out whether there are any particular standards or paperwork that may be necessary for the appraisal procedure.

Gather all the information you can about your olivine gemstone, including its provenance, the specifics of your purchase, and any certificates or other supporting documents. This information will help the appraiser to make an appropriate assessment.

You’ll receive a thorough appraisal report from the appraiser following the inspection. The olivine’s properties, quality rating, estimated value, and any other pertinent information will all be included in this report. The appraisal report is a legal record for insurance, sale, or personal use.

It’s essential to remember that an appraisal is an expert opinion based on the appraiser’s evaluation, and the value can change depending on variables, including market fluctuations and individual perspectives. Updating evaluations to reflect market worth or conditions changes frequently is a good idea.

About Dr. Keith Jackson - Geology PhD

Keith Jackson is an avid rockhound who is constantly exploring new sites to expand his collection. He has worked as a professional Geologist for over 20 years and holds a PhD in Geology from the University of Nebraska-Lincoln, a Masters Degree in Geology from the University of Nebraska-Lincoln, and a Bachelors Degree in Geology from the University of Connecticut.

Leave a Comment