Interesting artical by Tanzanite one about sharp increases in Tanzanite prices.

Stunning Tanzanite from Rubyfair.com

Stunning Tanzanite from Rubyfair.com

TANZANITE UPDATE NOV 2014 - Prices of Tanzanite Expected to Rise

Steve Moriarty just returned from his trip to Tanzanite in November 2014  Prices of tanzanite were at exceptionally high levels in Arusha Tanzania and at the mines in Merilani during my November 2014 trip.

Recent changes at Tanzanite One, the largest  mechanized tanzanite mine are the cause of the tanzanite shortage.  The Tanzanian Government has taken a larger share of the production of “block C” operated by Richland Resources the parent company of Tanzanite One.  Up from 10% to 50% share the Tanzanian Government has stepped in to stop illegal mining from claims bordering block “C”.

Much of the production of Tanzanite was coming from mines surrounding Tanzanite One’s claim.  These mines were digging down and then cutting over into the highly productive claim of Tanzanite One.  With cooperation from their new partner the Tanzanian Goverment, the military was sent in to close down the illicit mining which has caused the current shortage of Tanzanite. 

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Currently carat weight has less affect on tanzanite than on other gems like ruby, sapphire, emerald or diamond.  If Tanzanite One Group gets more control of the market they have plans to change the pricing structure more like that of diamonds which are more affected by size and quality.  China has been showing more interest in Tanzanite and with the vast market in China growing demand could have dramatic effects on the price and availability of Tanzanite. We are currently in 2013 seeing the following approximate price breaks in our inventory.  Prices of Tanzanite change quickly and dramatically.   Tanzanite showing a noticable green component will be priced significantly less.

        Prices Per Carat for Very Good to Good Cut  and Si1 to VS Clarity   

Example: A 2.00ct. exceptional tanzanite at $600 per carat would cost $1200.

AAA+ is Exceptional Color ~ AAA is Vivid Color ~ AAA/AA is Intense Color ~ AA is Moderate Color ~ A is Light Color

(AAA+) (AAA)  (AAA-AA) (AA) (A) Pale
.00-.49ct $240 $200 $190 $100 $70 $50
.50-.79ct $325 $275 $220 $150 $100 $65
.80-1.25ct $425 $300 $260 $220 $150 $100
1.25-1.99ct $500 $400 $325 $300 $175 $125
2.00-2.99ct $600 $525 $450 $350 $200 $150
3.00ct & Up $650 $550 $450 $375 $255 $200

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