Last year's Royal Wedding also provided an unexpected boost
for tanzanite.
All in all, considering the diamond / gemstone price increases, gold up 170 % in the past 5 years, and a possible (very) inflationary (and / or alternative asset friendly) environment to come, the pecking order and price outlook
for tanzanite appears neutral (at worst) to decidedly bullish.
However, this is not uncommon
for tanzanite, or the wider gemstone industry (inc. diamonds).
Not exact matches
«The Merelani district has been famous since the late 1960s
for the blue gem variety of zoisite known as
tanzanite, but this is really a mineral collector's paradise and an exciting place to look
for new minerals,» says John Jaszczak, a physics professor at Michigan Tech and the lead author on a new study published in Minerals that describes the new mineral.
Not only
for prized
tanzanite and tsavorite used in jewelry, but also
for hosting a suite of other minerals increasingly prized by mineral collectors.
To date, the US has been the biggest market, with
tanzanite often chosen as a birthstone
for new mothers.
This presents an intriguing prospect
for future
tanzanite prices, relative to diamond prices,
for example.
There are also high hopes in the industry that an increased Asian preference / acceptance
for coloured gemstones, coupled with increasing incomes / aspirations, means there is huge untapped potential to sell
tanzanite in China, India and the rest of Asia.