How much does a 0.20 to 0.49ct I VVS2 natural emerald diamond cost?

As of October 2026, 0.20 to 0.49ct I VVS2 natural emerald diamonds typically cost $472 NZD to $1,011 NZD, with a median price of $669 NZD. There are currently 874 diamonds matching this specification available across retailers.

Where can I find the best price on a I VVS2 emerald diamond?

About 29% of these diamonds are available at multiple retailers, with an average price spread of 53%. A comparison tool like Carat Hunter lets you see all the prices side by side.

0.20 to 0.49ct I VVS2 Natural Emerald

Quick answer

As of October 2026, there are 874 natural emerald diamonds with I colour and VVS2 clarity in the 0.20 to 0.49ct range available across retailers worldwide. Prices typically run $472 NZD to $1,011 NZD, with a median of $669 NZD. At least 22 retailers stock this exact specification, and 29% of the stones appear at more than one of them, with an average price spread of 53%. Half of all listings fall between $1,810 NZD and $3,102 NZD per carat. The same specification in lab grown form lists at a median of about $1,021 NZD per carat. Over the last 30 days the median price moved -0.8% and the number of listings moved +12.6%.

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

874

Lowest Price

$305 NZD

Highest Price

$2,616 NZD

Average Price

$727 NZD

Market Intelligence

Retailers Selling

Cross Retailer %

28.7%

Price Spread

53.4%

30-Day Price Trend

-0.8%

30-Day Supply Change

+12.6%

Volatility (30d)

0.02

Price Range

Price per carat distribution across retailers

$1,358/ct

10th Percentile

$881

Median

$1,358

90th Percentile

$2,687

Score Distribution

1.8K diamonds scored across 4 quality tiers

Excellent

294 (16.7%)

Very Good

816 (46.3%)

Good

169 (9.6%)

Average

485 (27.5%)

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Consider Instead

Save money without compromising on what matters. These alternatives are visually similar but cost less.

I VS1VS1 inclusions are not visible without magnification

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Lab-Grown I VVS2Same specifications, lab-grown origin

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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