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Usually an Opal is categorised under two main types of body colour, light and dark and its transparency. The fire (the colour of reflection, red, orange yellow, green, blue and purple) is also important.
The grade and value of opals depend on types, the brilliancy, patterns, body colours, transparency, fire (the most valuable colour is red), size of colour bar, shape, size, imperfections. For example, the most valuable opal is called "Red on Black" which has a thick, round-shaped beautiful pattern through it. However, a brilliant blue-light crystal opal is more valuable than a low brilliant "Red on Black" opal.
There is a type of precious opal called "Bolder opal" which contains iron ore. The Boulder Opal has its own distinct colour and brilliance and should not be overlooked when purchasing opals. The Boulder opal is gaining popularity due to a recent surge in the price of black opals.
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