GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Black Opal

The most expensive black opal sold at auction fetched a record-breaking $3 million in 2020.

In this post, we explore the fascinating world of black opals, known for their rarity and high value in the gemstone market. From the record-breaking ‘Aurora Australis’ to the prized ‘Fire of Australia,’ we delve into the remarkable statistics behind these exquisite gems found in Lightning Ridge, Australia. Join us as we uncover the staggering prices, historical discoveries, and the significance of black opals in the global opal industry.

Statistic 1

"The most expensive black opal in the world is the 'Aurora Australis', valued at $1M AUD."

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Statistic 2

"The 'Aurora Australis' was found in 1938 at Lightning Ridge and weighs 180 carats."

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Statistic 3

"Black opals are rarer and highly valued, prices can reach up to $15,000 AUD per carat."

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Statistic 4

"Black opals from Lightning Ridge in NSW Australia can fetch high prices due to their quality, up to $77,790 USD per carat."

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Statistic 5

"The world's finest black opal, The Royal One, is valued at over $3 million USD."

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Statistic 6

"The Fire of Australia, regarded as the finest uncut opal in existence, was sold to the South Australian Museum for AUD $500,000 in 2017."

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Statistic 7

"As General rule, black opals are the most rare and expensive of all opals."

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Statistic 8

"Opal mining area of Australia produce about 95% of the world's supply of opal."

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Statistic 9

"According to an estimation, total world opal output in 1993 was 119,068 kg (262,690 lb)."

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Statistic 10

"The largest black opal in the Smithsonian Institution comes from Lightning Ridge. It is 56 carats."

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Based on the statistics presented, it is evident that black opals, particularly those from Lightning Ridge in New South Wales, Australia, command exceptionally high prices in the market due to their rarity and quality. The ‘Aurora Australis’ stands out as the most expensive black opal globally, valued at $1 million AUD, reflecting the premium placed on unique and exceptional specimens. The data also highlights the dominance of Australian opal mining regions in global opal supply, emphasizing the country’s significant role in the opal industry. With prices for top-quality black opals reaching staggering highs, it is clear that these gems hold a special allure for collectors and enthusiasts alike.

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