How much does a 0.20 to 0.49ct I VS2 natural emerald diamond cost?

As of October 2026, 0.20 to 0.49ct I VS2 natural emerald diamonds typically cost HK$2,158 HKD to HK$4,382 HKD, with a median price of HK$3,056 HKD. There are currently 601 diamonds matching this specification available across retailers.

Where can I find the best price on a I VS2 emerald diamond?

About 28% of these diamonds are available at multiple retailers, with an average price spread of 45%. A comparison tool like Carat Hunter lets you see all the prices side by side.

0.20 to 0.49ct I VS2 Natural Emerald

Quick answer

As of October 2026, there are 601 natural emerald diamonds with I colour and VS2 clarity in the 0.20 to 0.49ct range available across retailers worldwide. Prices typically run HK$2,158 HKD to HK$4,382 HKD, with a median of HK$3,056 HKD. At least 22 retailers stock this exact specification, and 28% of the stones appear at more than one of them, with an average price spread of 45%. Half of all listings fall between HK$8,324 HKD and HK$12,881 HKD per carat. The same specification in lab grown form lists at a median of about HK$5,288 HKD per carat. Over the last 30 days the median price moved -7.3% and the number of listings moved +35.1%.

Three of the best scored stones at this specification right now:

Caratlytics Diamond Price Index, September 2026: natural diamonds at 2,335 USD per carat and lab-grown at 443 USD per carat, a natural to lab ratio of 5.3 to 1. Emerald natural stones in the index: 2,278 USD per carat, +6.2% month on month. See the full index release

Figures come from current listings across more than 100 retailers and refresh daily. The index is a monthly release.

Last updated: October 2026

Available

601

Lowest Price

HK$1,171 HKD

Highest Price

HK$12,212 HKD

Average Price

HK$3,241 HKD

Market Intelligence

Retailers Selling

Cross Retailer %

27.7%

Price Spread

45.3%

30-Day Price Trend

-7.3%

30-Day Supply Change

+35.1%

Volatility (30d)

0.02

Price Range

Price per carat distribution across retailers

$1,283/ct

10th Percentile

$948

Median

$1,283

90th Percentile

$2,173

Score Distribution

1.3K diamonds scored across 4 quality tiers

Excellent

128 (10.2%)

Very Good

555 (44.0%)

Good

191 (15.1%)

Average

387 (30.7%)

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Related Specifications

D IF D VVS1 D VVS2 D VS1 D VS2 D SI1 E IF E VVS1 E VVS2 E VS1 E VS2 E SI1 F IF F VVS1 F VVS2 F VS1 F VS2 F SI1 G IF G VVS1 G VVS2 G VS1 G VS2 G SI1 H IF H VVS1 H VVS2 H VS1 H VS2 H SI1 I IF I VVS1 I VVS2 I VS1 I VS2 I SI1