Interesting artical by Tanzanite one about sharp increases in Tanzanite prices.
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.
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
|3.00ct & Up||$650||$550||$450||$375||$255||$200|
A recent article out on the news wires (link here) reports that the British government is aiming to make retailers and producers more aware of human rights abuses that take place in their supply chains . This should give a boost to both ethical gem suppliers and ethical jewellers.
Ethical Jewellers such as Rachel Sweeney, co-owner of Cox + Power, said: “I think there is much more awareness of ethics and fair trade in all fields – food, fashion, jewellery – and people are aware of conflict issues relating to diamonds as well.”
This is a great initiative by the UK government but recommendations and guidelines should be backed up with legislation. Unethical dealers will always ignore guidelines and attempt to undercut the ethical competition by using products sourced from those using child labour and unacceptable working methods.
The supply line of gemstones and other raw materials should be open and accountable and any supplier and importer who cannot satisfy officials should be refused the ability to import their stock into the UK.
With the ease of communication and the internet it is relatively easy for companies to become more transparent about their working methods and give their customers the choice. If the government is taking a step in the right direction with these guide lines it can only be welcomed but without teeth it is still up to the buying public to do their own research.
Tanzanite the story
We are often asked the story behind Tanzanite, what the country is like, the legend behind the stone and the terrain we must cross in order to reach our co op mine.
Well here is a TV show from the discovery channel which shows the background story of this rare and stunning gemstone http://youtu.be/sfOz-BxYLms
Jewellery designers and their clients are featuring spinels of all colours in their latest designs today more than ever before. The increased availability of spinel in a variety of colours and cuts in recent years has given jewellers and their clients a greater choice. Recent articles such as this one in the FT have brought this gem stone more and more into the public view.
In 2004, a new discovery of fine vivid red spinels from Ipanko, near the village of Mahenge in Southern Tanzania , quickly catapulted this under-appreciated gem to new status. These spinels, possessing an electric color that rivals and often surpasses the best from Burma, have brought spinel from all sources to the attention of designers and collectors. Rubyfair.com has continued mining a variety of colours and sizes of spinel from its ethical mine in Ipanko since 2008.
Back from mine and Tanzania. A few updates . Tanzanite is it running out ? Well no despite all the rumours Tanzanite is not running out but it is rare and prices are starting to edge up. The word from the mine is that buyers particularly from China and the middle east are buying top quality Tanzanite not the pale blue desaturated stones that you so often see on TV and in the cheaper end of the jewellery market but rich blue Tanzanite . Tanzanite is rare ( its only found in one place in the world ! ) but there is still plenty available have a look at our ethically mined stones here.
Our ruby mine was brought to a halt when the rains came early but Rashid our mine manager has worked hard and we have some nice new ruby stock both cabochon and facet. Rain has been the hot topic in the UK but its causing problems across Africa too the Maasai have had to alter their grazing routes and many lives are been affected.
The children that rubyfair.com sponsor from the Ukwama orphanage have been dispersed to a number of schools to suit their ages but we are still keeping in touch and sending funds. The orphanage itself has suffered from large downpours but the new roof paid for by rubyfair.com is holding up. Many thanks to all our rubyfair.com clients who support us and help support this work. keep coming back for further updates why not join us on twitter and Facebook please like the page.
Rashid has been with Rubyfair.com since its inception and has risen through the work force to become mine manager after being sponsored by Rubyfair.com to get his appropriate qualifications.
Coming from the mining village Mahenge, where Rubyfair.com ethical mine is based Rashid has very good knowledge of the local area and its people. He still lives in the village with his wife and family.
Rashid’s background in mining and enables him to ‘read’ a seam and follow the line until he can locate a pocket which produces either Ruby or spinel. Rashid also helps select the finest Tanzanite form our coop Tanzanite mine near Arusha in the North. Latest reports from Rashid shows he has located some fine and extra fine ruby which is currently being cut by our in house stone cutter in Dar Es Salaam. Rashid also reports a fine seam of spinel. If you would like to view any of these stones or have any cutting requests please contact us and we will be happy to arrange a viewing.
Spoke to Rashid ( Rubyfair.com’s mine manager ) and he can’t believe the UK has hotter weather than Tanzania. The mine is set in the hills so the temperature is even lower than those shown above. We are expecting a nice selection of smaller Tanzanite back, below the 1 ct level, so please contact us if you fancy making some stunning blue earrings or solitaire rings . Also some new ruby cabs and a fine array of spinel facets.
Keep a watch out for new items with sale prices as they are added to make room for new arrivals. Search here with word sale.
And enjoy the Sun shine !
Good News from Rashid. At the mine Rains have stopped so mine is reopening. Heavy rains will have exposed ruby in the alluvial soil and Rashid hopes to reach a new vein within two weeks.
We are offering big discounts on our stock in order to create some space for new stock search with word sale click here with the word sale to see latest reductions.
All trade customers please contact us here for bulk trade discounts.
The rains always arrive this time of the year so our miners take time off.
Many of them use their wages from the mine to start small farms so it gives them time to work on their crops. Rashid our mine manager uses the time to visit the orphanage that rubyfair.com supports and drops off supplies.