Is Alexandrite Expensive?

Yes — alexandrite is considered an expensive gemstone, especially when it shows a strong and noticeable color change. Fine-quality alexandrite is rare, visually striking, and increasingly sought after, which places it among the most valuable colored gemstones in the world. Prices can range from relatively approachable for smaller or laboratory-grown stones to serious investment territory for natural alexandrite with vivid color shift and meaningful size.

What makes alexandrite expensive isn’t just how it looks, but how uncommon it is. Natural alexandrite is rare by nature, particularly in sizes over one carat. Stones that shift clearly from green in daylight to red or purplish tones under indoor lighting are especially prized. As with all fine gemstones, factors like quality, origin, size, and craftsmanship ultimately shape its value.

What Makes Alexandrite So Valuable?

Alexandrite holds a unique place in fine jewelry because it combines genuine rarity with a visual effect that very few gemstones can offer.

Its Remarkable Color Change

Alexandrite is best known for its ability to change color depending on the lighting. In natural daylight, it often appears green or bluish-green. Under warm, indoor lighting, it shifts toward red, purplish-red, or raspberry tones.

This change isn’t subtle — and it isn’t artificial. It’s a natural property of the stone.

The clearer and more dramatic that shift appears, the more valuable the alexandrite becomes.

How Rare Is Natural Alexandrite?

Natural alexandrite is far rarer than many people expect.

It was first discovered in nineteenth-century Russia, and fine Russian alexandrite is now extremely scarce. Today, natural stones are found in limited quantities in places like Brazil, Sri Lanka, and parts of Africa, but high-quality material remains difficult to source.

Stones over one carat are uncommon. Stones over two carats with strong color change are exceptional.

That rarity is a major reason prices rise quickly as size increases.

Alexandrite Price Factors Explained

Alexandrite prices can vary widely. Two stones that appear similar at first glance may be priced very differently once quality details are considered.

The Main Factors That Influence Price:

Color Change Quality

This is the most important factor. Strong green-to-red change carries the highest value.

Carat Weight

Prices rise sharply as size increases, especially beyond one carat.

Clarity

Natural inclusions are common, but eye-clean stones are more valuable.

Origin

Historic Russian stones are the most prized, followed by fine Brazilian and Sri Lankan material.

Natural Vs. Laboratory-Grown

Lab-grown alexandrite is more accessible, but it does not carry the same rarity.

Natural Alexandrite Vs. Laboratory-Grown Alexandrite

Many clients are surprised to learn that laboratory-grown alexandrite is widely available — and often very beautiful.

Here’s how the two compare:

Laboratory-grown alexandrite offers flexibility in size and design, while natural alexandrite appeals to collectors and those drawn to rarity.

How Alexandrite Compares To Other Precious Gemstones

When quality is comparable, alexandrite often costs more than many familiar gemstones.

In fine grades, alexandrite can exceed sapphire, ruby, and emerald on a per-carat basis — particularly once it passes one carat. Only the finest rubies and certain diamonds consistently surpass it.

Is Alexandrite A Good Choice For Fine Jewelry?

Alexandrite is an excellent choice if you value individuality, craftsmanship, and quiet luxury.

It is durable enough for rings and everyday wear when properly set, yet distinctive enough to feel truly special. Many clients choose alexandrite for engagement rings, anniversary gifts, or custom heirloom pieces.

Its color-changing nature means it never looks quite the same from one moment to the next — something many people find deeply appealing.

The J.H. Young & Sons Perspective

At J.H. Young & Sons, we often see alexandrite chosen by clients who want something meaningful and uncommon. It tends to resonate with those who appreciate gemstones with character and history, rather than tradition alone.

With more than a century of experience serving our community, we guide clients through the nuances of alexandrite — explaining what truly drives value and helping them decide whether natural or laboratory-grown options make the most sense for their goals. Seeing alexandrite in person often turns curiosity into genuine appreciation.

Caring For Alexandrite Jewelry

Alexandrite is relatively durable, but like all fine gemstones, it benefits from proper care.

We recommend:

• Removing jewelry during strenuous activity

• Scheduling regular professional inspections

• Cleaning gently with mild soap and water

Our team is always happy to check settings and ensure long-term wearability.

Is Alexandrite Worth The Price?

For many people, the answer is yes — though for different reasons.

Alexandrite is worth the investment if you value rarity, visual intrigue, and long-term significance. Whether you choose a natural stone for its scarcity or a laboratory-grown option for its beauty and accessibility, alexandrite offers something few gemstones can: a constantly shifting expression that feels personal and alive.

If you would like to explore alexandrite in person or discuss a custom design, we invite you to visit or contact us.

J.H. Young & Sons

126 Lynden Rd

Brantford, ON N3R 8A3

Canada

Call Us: +1 519 752 2330

With generations of expertise and a passion for exceptional gemstones, we are here to help you choose with confidence.