Tanzanite Market Report March 2020
JTV would like to update its customers about new developments regarding the closure of the world's biggest miner and supplier of Tanzanite by the Tanzanian government. Due to trade restrictions, tanzanite can only be bought and sold at government-run trading hubs. Only two main trading hubs are open and an estimated less than 22,000 carats of all Tanzanian mined gemstones have been processed through these trading hubs for worldwide distribution.
The Tanzanian government has also placed restrictions on smaller scale tanzanite mining operations. Tanzanite continues to be in high demand and, unfortunately, due to these recent developments, there may be an increase in cost and a reduction in available tanzanite for sale.
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