The value of two-carat demantoid garnets is driven primarily by their extreme rarity, exceptional color saturation, and origin. Russian specimens with characteristic “horsetail” inclusions command premium prices in the market. As natural deposits continue to deplete, particularly from the historic Ural Mountain mines, prices for these conflict-free precious stones have appreciated 15-20% annually over the past decade. The cost per carat increases disproportionately at this size threshold, reflecting the exponential scarcity of gem-quality material.