Emerald (Panna) Price in India? Factors Explained

Emerald (Panna) Cost in India? Price Factors & Insights
Posted on November 14th, 2025 11:55 AM

Determining emerald stone price can be tricky, as its value swings from royal luxury pieces worn by queens to the simple ones used for other purposes. Today, these stones are used as diamond substitutes for engagement rings.   

In India, these green gemstones are widely used in wedding jewelry. They are looked upon as healing gemstones and valued for astrological powers.   

The price of an emerald stone mainly depends on the 4Cs – color, clarity, cut, and carat weight. While for some, color may be the most crucial factor to consider, for others, carat weight might matter more.   

The purpose of buying may be different for everyone — some choose it for fashion, others for faith — but knowing these factors helps in finding the true worth of this gem. Learn More: Everything You Need to Know About Emerald  

In this emerald stone price guide, we will discuss the critical factors that govern its price.   

Emerald Colombia - 28.41 Carat

Emerald Colombia - 28.41 Carat

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Emerald - 6.6 Carat

Emerald - 6.6 Carat

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Emerald - 3.91 Carat

Emerald - 3.91 Carat

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Emerald - 38.8 Carat

Emerald - 38.8 Carat

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Factors That Affect Emerald Price in India

In India, emerald stone is known as Panna Ratna. Its price is determined by analysing the 4C’s. For colored stones, color is the main price-determining factor, but other factors also contribute to assessing their worth. The vibrant and well-cut stones often cost much more than lighter ones. Let's see what the other factors are that calculate the panna stone price in India.   

1. Color and Hue

The first and most important thing that decides the price of an emerald is its color. Pure green or bluish green shades are the most valuable. Stones that look dull or have a lighter shade are less costly. Colombian emeralds are highly priced because of their rich green color. Colombian emerald stone price in India starts from INR 5,000 and may reach upto 5 lakhs and more. Learn More: Emerald Stone Price Guide I

2. Clarity and Inclusions

Emerald inclusions are called jardin. They are present in almost all natural emeralds. Transparent or slightly included emeralds are costly as they allow more light to pass and look clearer. Emerald stone price in India increases with highly transparent stones and decreases with opaque ones. Learn More: A Closer Look at Emerald Inclusions

3. Cut and Shape

Like all gemstones, an emerald cut decides how beautiful it will look. Oval, cushion, step cut, and round are the most common. A well-cut gem increases its brilliance and gives a uniform appearance. If the cutting is poor, the light will not reflect properly, and the gem will appear dull, which reduces its price. 

4. Carat Weight

Like other gemstones, the bigger the emerald, the higher the price per carat. The price increases sharply after 1 or 2 carats, especially for fine quality stones. A small but clean emerald can sometimes be more expensive than a larger one with many inclusions. For instance, 1-carat emerald price in India can be high compared to higher carat-weight stones if it reflects good color, clarity, and is perfectly cut.   

5. Origin and Treatment

The origin plays a significant role in price. Colombian emeralds are most valuable for their clear, bright color. Zambian emerald stone have a deeper tone, while Brazilian emeralds are lighter but often cleaner. In India, Colombian emeralds are high in demand because of their sparkling green color. They are widely used in luxurious jewelry pieces.  

Astrologically, panna stones from Colombia are considered powerful. However, stones from Brazil and Zambia are budget-friendly options. Panjshir emeralds are good-quality panna stones sourced from Afghanistan. They are comparable to their Colombian counterparts.   

These are rarely sourced gemstones available only with a few sellers in the market. You can find the Panjshir emerald stone at Navratan, a reputable gemstone store.   

Untreated gemstones are highly priced for their rarity. Read our blog Emerald Stone Price Guide I to know more about the price variation as per treatment. 

6. Certification

Many people believe reselling an emerald stone is tough, but that’s not really true. The resale value of an emerald is high if it is natural, clean, and precisely cut. Certification also adds value if you ever want to resell. Thus, one should always buy natural certified panna stone from reputed sellers. 

4 C's of Emerald stone

Emerald Gemstone Price Chart in India 

Origin

Price per carat (INR)

Quality 

Colombian Emerald 

INR 5,000 to INR 10 lakhs 

Best quality emeralds with rich color and high clarity 

Zambian Emerald 

INR 2,000 to INR 5 lakhs 

Deep green color 

Brazilian Emerald  

INR 2,000 to INR 5 lakhs 

Grass green color with yellow tint

Panjshir Emerald 

INR 3,500 to INR 40,000 and above

High Clarity, vivid green 

Ethiopian Emerald 

INR 4,000 to INR 1 lakhs and above

Light green, high clarity

Buying Emerald in India – What You Should Know

1. Loose Gemstone or Jewellery

You can buy loose emerald stones and set them in jewelry if customisation is your preference. A loose emerald stone price in India can cost you INR 2,000 to INR 5 lakhs and above, depending upon the 4Cs. However, if you are looking for emerald jewelry, the cost not only depends on the gemstone price but also includes other factors like metal and craftsmanship. 

2. Ask the Right Questions

Always ask about the gemstone certificate. This includes proper detailing about color, clarity, origin, carat weight, and treatment of the stone. 

3. Buy From Trusted Sellers

In India, trust reputed sellers so you do not get duped or cheated for fake emeralds or substitutes. 

4. Investment Value

Emeralds are a long-term investment. High-carat-weight emeralds are heirloom gems that can be passed on to generations. They signify love and prosperity and are cherishable memories for your loved ones. Read More: Are Emeralds A Good Investment Compared To Other Gems?

Panna Stone

Market Trends in India 

 In India, gemstones are not only bought for jewelry, but they are also believed to be cosmic healers. The gemstone and jewelry market in India is expanding and expected to reach $150 billion by 2033.   

FAQs 

Q1. What is the average price of  1-carat emerald in India?

Ans: Depending upon the origin and quality, the price varies from INR 2,000 to INR 5 lakhs and above. 

Q2. Why are Colombian emeralds more expensive?  

Ans: Because of their vivid, bright green shade and limited supply.

Q3. Is oil treatment bad for emeralds?  

Ans: No, it’s a common and accepted process. But too much filling can reduce its value.

Q4. Is it safe to buy emeralds online?  

Ans: Yes, if you buy panna from trusted sources that provide you with an authentic certificate.   

Conclusion

Emerald gemstone price in India depends on many things — color, clarity, origin, treatment, and certification. Before buying, always consider these factors. This is because the price varies with all these factors. Most importantly, always buy from trusted sellers like Navratan. This reduces your chances of getting cheated online.

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