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Opals vary widely in body
color, with white the most common. Black is considered the most valuable
as it enhances and accentuates the play of color. Fire opal (yellow, orange
or red) is often faceted and can resemble ruby. Green and blue opals are
rare.
Opal is sometimes cut with pieces of matrix - the host rock. This strengthens
the opal and can also lend a more interesting appearance. The finest examples
are Boulder Opal, which sometimes have an undulating surface of "hills"
and "valleys". Their unusual shapes and ironstone inclusions make Boulders
popular with progressive, modern designers and wearers and are most popular
as Opal brooches. Opal pendants, Opal necklaces and Opal earrings are
also gaining in popularity.
As opal is relatively soft and fragile it is often made into doublets
or triplets backed with plain black opal and fronted with clear quartz.
These are ideal for opal rings or any piece that is likely to be receiving
rough treatment.
Combining body color and
play of color we are faced with infinite possibilities, so pricing is
complex. Size is also a factor with the carat price for larger stones
accelerating accordingly. The intensity of the play of color and the extent
to which it covers the opal's surface also count.
Of all the opal taken out
of the ground, 95% is valueless "potch" and 95% of the remainder is low
quality. Only a mere 0.25% ever makes it to market.
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