How much does a 3.00 to 4.99ct I VS2 natural emerald diamond cost?

As of October 2026, 3.00 to 4.99ct I VS2 natural emerald diamonds typically cost HK$189,443 HKD to HK$561,642 HKD, with a median price of HK$326,871 HKD. There are currently 148 diamonds matching this specification available across retailers.

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

About 34% of these diamonds are available at multiple retailers, with an average price spread of 33%. A comparison tool like Carat Hunter lets you see all the prices side by side.

3.00 to 4.99ct I VS2 Natural Emerald

Quick answer

As of October 2026, there are 148 natural emerald diamonds with I colour and VS2 clarity in the 3.00 to 4.99ct range available across retailers worldwide. Prices typically run HK$189,443 HKD to HK$561,642 HKD, with a median of HK$326,871 HKD. At least 59 retailers stock this exact specification, and 34% of the stones appear at more than one of them, with an average price spread of 33%. Half of all listings fall between HK$81,723 HKD and HK$113,977 HKD per carat. The same specification in lab grown form lists at a median of about HK$3,985 HKD per carat. Over the last 30 days the median price moved +0.2% and the number of listings moved +7.5%.

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

148

Lowest Price

HK$111,487 HKD

Highest Price

HK$1,078,313 HKD

Average Price

HK$363,681 HKD