Why are ethiopian opals so cheap?

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Sylvia Purdy asked a question: Why are ethiopian opals so cheap?
Asked By: Sylvia Purdy
Date created: Mon, Jun 14, 2021 7:23 PM
Date updated: Thu, Jun 30, 2022 3:53 PM

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Top best answers to the question «Why are ethiopian opals so cheap»

It might seem a tad bit odd, but Ethiopian opals are cheap because they don't control the market. Sure, they are a bit rarer than Australian, but they have to compete with opal royalty. The only way Ethiopian opal sellers can turn a profit is if they offer their gems at a lower price point.

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With time, Ethiopian precious opal will become more and more proven as robust under ambient conditions. Another factor that makes Australian opal expensive is Australia will never afford precious opal a cheap supply chain. The cost of a poor quality motel room within 200 km of Brisbane is around US$100 per night.

It might seem a tad bit odd, but Ethiopian opals are cheap because they don’t control the market. Sure, they are a bit rarer than Australian, but they have to compete with opal royalty. The only way Ethiopian opal sellers can turn a profit is if they offer their gems at a lower price point.

Ethiopian opals are highly sought after because they are high-quality yet significantly less expensive than Australian opals. Also called Welo Opals, they match the luminescence, play of color and body tone as other opal sources while falling into a more budget-friendly price bracket.

I just bought two loose opal stones today. The seller said they were from Africa. I've done a bit of research on opals since it's my favorite stone and I've been wanting to get some to make into jewelry, but again I'm absolutely an amateur. The price was so cheap (info: I'm in Asia), I figured I wouldn't mind if they were fake, but wondering if ...

Is Ethiopian Opal Expensive? Unlike its Australian cousin, Ethiopian opal is inexpensive and affordable. As a result, this is perhaps the leading reason why Australian opals now sources 95% of the global opal supply. While that number seems startlingly high, consider that just 25 years ago, Australia supplied all of the opals in the world.

Why are Ethiopian opals so cheap? It might seem a tad bit odd, but Ethiopian opals are cheap because they don’t control the market. Sure, they are a bit rarer than Australian, but they have to compete with opal royalty. The only way Ethiopian opal sellers can turn a profit is if they offer their gems at a lower price point.

Gemstone sellers haven’t been mass-selling Ethiopian opals for long — yet this rare gem is the cheaper route to go, especially in comparison to Australian opals. Which provokes the question: why are Ethiopian opals cheaper? Are they less valuable or desirable than other varieties? On the contrary, Ethiopian opals are rare and highly sought after jewels. So what’s the deal with the price? To answer that, we need to take a walk down memory lane to a time where Ethiopian opals weren’t ...

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