How expensive is black spinel?

Black spinel is generally considered an affordable gemstone compared to other precious stones like diamonds or sapphires. Prices can vary based on quality, size, and cut, typically ranging from $50 to $200 per carat. Higher-quality specimens with exceptional clarity and deep black color may command higher prices, but it remains accessible for most buyers. Overall, it is a popular choice for those seeking a striking yet budget-friendly option.