Tanzanite, a rare violet-blue form of the mineral zoisite, was first discovered in 1967 in Tanzania. East Africa remains the only source for this gem. While there is a steady supply of Tanzanite in the market, the availability of high grade material is limited.
The color of the best Tanzanite is quite unique in the gemstone world, rivalled only by fine blue sapphire. But not all Tanzanite is especially valuable. Indeed you will find a wide range of prices, from below $100 a carat to over $1,000 per carat. The main determinants of Tanzanite value, like all colored gems, are color, clarity, cut and carat weight. But in the case of Tanzanite, color is so important that it outweighs almost all other considerations.
Tanzanite is classified as a Type I gemstone by GIA, meaning that Tanzanite specimens are normally eye clean or better. So clarity is usually not a problem. But the saturation and tone is highly variable, with colors ranging all the way from pale lilac to midnight blue. (Note that there are also other colors in Tanzanite, including gold, green, brown and pink. These are properly referred to as Fancy Zoisite, since the term Tanzanite, strictly speaking, refers to the violet-blue or bluish-violet colors of zoisite).
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Top Grade Tanzanites |
Given the price variation, it is important for buyers to understand Tanzanite grading. The first thing to know is that there is no official grading standard in the trade. This may come as a surprise, since you will often hear people talk about "AAA Tanzanite". But this term has no real definition in the gems trade. Indeed, the largest miner of tanzanite, a company called TanzaniteOne, has proposed a completely different grading scheme through their non-profit subsidiary, the Tanzanite Foundation. They grade color using terms like "exceptional", "vivid", "intense", "moderate", "light" and "pale," and grade color as "violetish blue" or "bluish violet."
Though grading terms like vBE and bVM are not commonly used in the gem trade, this chart does succeed in capturing the basic principles of Tanzanite grading. In general we can say that a tanzanite is more valuable if the color is more blue than violet, and when the color is deeper or more saturated. Though some buyers may prefer a more violet color, or a lighter tone, the deep blue tanzanites will sell at the highest prices in the market.
See our collection of Fine Tanzanite
Notable Gems from the AJS Collection
This month we feature some impressive new acquisitions, including Pink Tourmaline, White Sapphire, Aquamarine and Tanzanite. Click on any photo to view the details for the gem.
News from AJS and the Gems World
De Beers Surprises by Entering the Market for Synthetic Diamonds
De Beers, the world's leading miner and trader of natural diamonds, had vowed for years that they would never sell lab-grown diamonds. Now the company has surprised the industry by introducing a line of jewelry made with synthetic diamonds.
The new lab-grown brand, to be called Lightbox Jewelry, will sell white, pink and blue synthetic diamonds up to 1 carat for $800 per carat, far below current prices for lab-grown diamonds. The diamonds will be sold only as jewelry, not loose. A De Beers executive noted that "We don’t think synthetics should be priced as inherently rare or precious things." The company is specifically not targeting the engagement market. In fact, its initial product line doesn’t include rings, only earrings and pendants, though it’s possible rings will be added eventually.
De Beers is investing $94 million in a new production facility in Oregon that will eventually produce as much as 500,000 cts. of lab-grown diamonds a year, which will translate to 200,000 cts. of polished stones.
Industry analysts see this as a strategic move by De Beers to create more distance between natural diamonds and synthetics, relegating lab-grown diamonds to the category of fashion jewelry, similar to what has happened to synthetic sapphire and ruby.
Ask the Gem Experts
Each month we answer questions from our customers. We welcome your questions and you can submit a question from our contact page.
I just loved Meghan Markle's aquamarine ring that you showed in your recent newsletter. Do you have any gems in that color and shape? Are they expensive? MT, Canada
We do have two very similar Aquamarines in our collection, a 15.90 ct and a 19.87 ct. Both gems are from Brazil, completely loupe clean, untreated, and precision cut. They are both a very fine color, and quite affordable given their large sizes.
Click on the photos below to see details and videos:
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19.87 ct Aquamarine | 15.90 ct Aquamarine |
All the best in gems,
Arnold, Rung & Ron