Cody Opal has been awarded several prestigious awards and is also a member of several major industry bodies.
- lnternational Colored Gemstone Association (ICA)
- Jewellers Association of Australia (JAA)
- Victorian Employers Chamber of Commerce and Industry (VECCI)
- Opal Association Inc.
- Gemological Association of Australia (GAA)
- Lightning Ridge Miners Association (LRMA)
- Queensland Boulder Opal Association (QBOA)
- 2007 Finalist Victorian Tourism Awards
- 2006 Winner of Lord Mayor's Small Business Proprietor Silver Commendation
- 2006 Winner of Merit Award Victorian Tourism Awards
- 2001 Finalist Australian Exporter of the Year Award
- 2001 Winner of Governor of Victoria Export Award