This shutdown was supposedly due to Tanzanite One breaching the rules and not paying wages to workers that were owed.
Tanzanite is only mined in one place on Earth: Tanzania.
(Like many gemstones, most tanzanite is cut in Jaipur.) The reason for the ban is to attempt to spur development of local processing facilities, thereby boosting the economy and recouping profits.
Last year, a parliamentary committee that investigated tanzanite mining said there was massive smuggling of the gemstone. Its investigation claimed that Tanzania had received only 5.2 percent of revenues from global tanzanite trade over the past decade.
Availability: Considering the limited known supply of Tanzanite, this stone is relatively undervalued for its availability. Some geologists estimate only 25 years worth of mining at the current rates of tanzanite. But compared to stones like emeralds and diamonds, demand for tanzanite hasn't seen much change.
The supply of tanzanite is finite. Geologists estimate that the source will be depleted in a decade or so.
1,000 times rarer than a diamond, the stone is expected to be completely mined out in the next couple of decades, which further increases the rarity of the stone. The most loved feature of Tanzanite as a gemstone is the brilliant colour quality that it possesses.
Carat Weight - Tanzanite Prices Per Carat (Updated January 2023) Due to the worldwide pandemic a couple years ago, this caused reduced travel, prices for Tanzanite are still down about 20-30%.
Top-grade fine Tanzanites are becoming increasingly rare, thus their value is highly interlinked with rarity. The finer the color, cut, or clarity of the stone, the higher the price.
Today, tanzanite is mined ethically in safe and fair working conditions. This unique gem brings an income to thousands of people, and has had a major impact on the Tanzanian economy.
Tanzanite is one of the rarest gemstones known to man. It is thought to be 1000 times rarer than diamonds due to its exclusive location. Found only in one region of East Africa, this precious gemstone comes from the mines of Tanzania, in the foothills of Mount Kilimanjaro.
This gemstone can be worn by anyone. Some people do associate it the stone with Saturn, and some consider it auspicious for the natives of Jupiter's sign Pisces, or Mars's sign Aries. However, everyone can wear this stone. It cannot be associated with one particular planet.
Tanzanite is a recipient of various titles like, “the most beautiful blue gem” and “the most important gem discovery in 2000 years.” It's therefore no surprise that this beaming bluish-violet gem is highly sought-after. However, due to traditional classification, tanzanite still falls under the semi-precious category.
Cubic Zirconia, Synthetic Spinel, Yttrium Aluminum Garnet (YAG), and Glass. These imitations have also been widely used as counterfeit Tanzanite and can usually be easily distinguished as they are all singly refractive while Tanzanite is doubly refractive.
If you're still unsure about the authenticity of your tanzanite, then we recommend visiting a professional jeweler as they'll be able to spot a fake one with 100% accuracy.
Tanzanite is a shocking 1000 times more rare than a diamond. Discovered for the first time in 1967 and only found in the foothills of Mount Kilimanjaro, these gemstones go for about $1,500 per carat. Tanzanite has the ability to change color depending on the angle of light it is in.
In terms of value, Sapphire is generally more expensive than Tanzanite. This is due in part to their rarity and hardness, as well as their long history as a coveted gemstone over the ages. Tanzanite, while still very valuable, are more readily available currently and are therefore not as expensive as Sapphire.
Tanzanite. Intense violet-blue hues of tanzanite can rival fine sapphire at a fraction of the price - and it's a much rarer stone!
There are many reasons to buy tanzanite, whether to celebrate a December birthday, to commemorate a 24th wedding anniversary, or simply to enjoy the gemstone's rare, vibrant blue. It even serves as a less expensive substitute for sapphire.
Hardness & Wearability
Featuring a hardness rating between 6 to 7 on the Mohs scale, tanzanite is a relatively soft stone, so it's not advised for everyday wear but ideal for showcasing its bold hues on special occasions.
The deeper the colour, the more valuable the gemstone, and has been established that consumers naturally gravitate towards gemstones of deeper colours. Tanzanite gemstones of intense colour are more valuable because they occur much more rarely in nature.
Tanzanites are generally more expensive than other blue gems like aquamarine or blue topaz.
A: Due to the fact that tanzanite is only found in one place in the world and is formed as the result of a rare geological phenomenon, most estimates are that there is enough tanzanite in the ground to last for another 10-12 years.
Biteko, the President highly emphasized the importance of preserving the two stones as part of the local heritage and a way of showing the world that Tanzania really is the only source of Tanzanite.