The local price of rough tanzanite has recently plunged by nearly 50 percent to its lowest price in history, reported The Guardian. The per-gram uncut price has slipped from US$350 in June this year to US$180 in August. “This is the lowest price recorded in the history of tanzanite business,” gemstone broker Adam Leiyani was quoted […]
The local price of rough tanzanite has recently plunged by nearly 50 percent to its lowest price in history, reported The Guardian.
The per-gram uncut price has slipped from US$350 in June this year to US$180 in August. “This is the lowest price recorded in the history of tanzanite business,” gemstone broker Adam Leiyani was quoted as saying.
Some local analysts attributed the fall in the local tanzanite price to the lacklustre economy in the US, which imports 70 percent of the gemstone from Tanzania, while Thailand and India account for 15 percent of local sales of tanzanite, followed by Europe with 5 percent.
Source: www.jewellerynetasia.com