Is tanzanite still being mined today?

Tanzanite was still mined in other small-scale artisanal operations, but with lower production of the gemstone. There has been no significant, mechanized mining in two years and the impact of the limited quantity of tanzanite is already being felt in the marketplace.

Is tanzanite becoming scarce?

Tanzanite mines are close to depletion. This generation will most likely be the last one able to buy newly mined tanzanite. In fact, as the gemstone becomes more scarce, the independent miners who once busily dug for tanzanite have started to give up on finding more of the rare stone.

Why are tanzanite mines closing?

This shutdown was supposedly due to Tanzanite One breaching the rules and not paying wages to workers that were owed. The government is saying over 700 workers for this company have not been paid salaries for over 22 months. The company has been ordered to pay all salaries owed over the next three months.

How much tanzanite is mined a year?

Tanzanite is a relatively abundant gemstone. Based on a study conducted by TanzaniteOne Mining Ltd in 2012, 270 million carats are mined per year, which equates to 54 tonnes.

Is tanzanite a good investment 2020?

Tanzanite has a unique niche that makes it very attractive for investment and its rarity and exclusivity makes tanzanite and tanzanite jewellery excellent investment options. There is no other investment that will yield as great a return as investing in tanzanite of the highest quality.

Is there a shortage of tanzanite?

It is one of the rarest gemstones on Earth, and one local geologist estimates its supply may be entirely depleted within the next 20 years.

Is there any more tanzanite?

FACT: A Limited Supply of Tanzanite Remains Tanzanite is estimated to disappear within our lifetime. In 2013, independent geologists undertook research which estimated that TanzaniteOne, the largest tanzanite mining company in C Block, has no more than 30 years of mining left.

Will tanzanite go up in value?

Unlike Diamonds and gems like Tsavorite, Tanzanite prices do not currently increase rapidly on a per carat basis at different carat brackets. Tanzanite value and hence price is very much linked to rarity – the finer the color/clarity/cutting grade the higher the price.