The following article is published courtesy of National Jeweler
London–Reuters reports that gemstone miner and producer Tanzanite One saw per-carat prices for the purplish-blue gemstone increase an average of 16.5 percent at the recent jewelry show in Hong Kong, compared to prices at the company’s most recent sight, held in Dubai in November.
According to the report, Tanzanite One recorded revenues of $1.62 million from the sale of 198,337 carats of rough tanzanite at the recent Hong Kong International Jewellery Show, held earlier this month. Sales to date for the company in 2010 total $2.68 million, according to the report.
Tanzanite One explained that demand for the gemstone exceeded current supply, signaling strength in the tanzanite market.
“We are continuing to develop and explore complementary sales channels outside of formal sight sales, such as this Hong Kong sale,” Chief Executive Director Bernard Olivier said in a statement, according to Reuters.