There has been a changing business mix (of rough, polished and jewelry) over the years, but v clearly the credit crunch / recession caused a price crash
in tanzanite (to $ 5.69 per carat in 2009), with a slow recovery to $ 8.89 since then.
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.
Gold plated
tanzanite and onyx lariat necklace «Wild Blue Yonder» by Sukanya Thongperm can be found
in jewelry categories such as Gemstone Necklaces, Birthstone Necklaces,
Tanzanite Necklaces, Onyx Necklaces, Silver Necklaces, Sterling Silver Necklaces, Gold Necklaces, Gold Plated Necklaces and Lariat Necklaces.
Thai artisan Saranarat's long fascination with the natural beauty of gemstones comes through
in this station necklace featuring freeform natural
tanzanite and faceted amethyst.
Jona design collection, hand crafted
in Italy, 18 karat white gold chain necklace featuring 6 flat cut, multiple shape, intense blue
tanzanite pendants, weighing 13.84 carats
in total.
Five radiant blue - violet
tanzanite stones with a total weight of one carat gleam brightly
in this multi-stone ring.
In fact, in light of tanzanite's rarity, Richland's shareholders could possibly be better served (at some point in the future) by a restriction in production, rather than a continued increas
In fact,
in light of tanzanite's rarity, Richland's shareholders could possibly be better served (at some point in the future) by a restriction in production, rather than a continued increas
in light of
tanzanite's rarity, Richland's shareholders could possibly be better served (at some point
in the future) by a restriction in production, rather than a continued increas
in the future) by a restriction
in production, rather than a continued increas
in production, rather than a continued increase.
In addition the company was unable to buy up cheap high quality
tanzanites at the time.
A 15 P / E seems reasonable
in light of the current high level of revenue / earnings growth, the medium term 9.4 % carat production growth rate and the still depressed
tanzanite price.
The only (minor) disappointment was
in Bernard Olivier «s commentary, which included this comment: `... despite
tanzanite prices remaining under pressure.
This comes down to the fact that
tanzanite can only be found
in one place on earth — the Merelani foothills of Mount Kilimanjaro
in northern Tanzania.
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.
Finally, Richland Resources (RLD: LN) ** undertakes larger scale mining
in Block C, and is considered to be the largest and most advanced miner and supplier of
tanzanite in the world.
This is an interesting thought, as
tanzanite is far rarer than diamonds —
in fact, it's often cited to be a thousand times rarer!
It's a rather unique play on
tanzanite — a precious gemstone that appears to be incredibly limited
in terms of the scale & geography of remaining world resources.
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.