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  My true blue love

by Menahem Sevdermish FGA D.Litt.
May 21, 2013


I think every gem dealer has a stone that he or she likes the most. Tanzanite for me is the essence of world in which I have made my life - my true blue love - after my wife, kids and grandkids, of course. And like a lover, it does not always do what you expect it to.

It also was love at first sight. I was bowled over completely on my first encounter with gemstone in the early 1970s when one was brought into my gem lab by a customer. And, where love is concerned, one is prepared to overlook the little details. I didn't really care that its color in nature is normally brown. After all, following a short and not very sophisticated heating process, it is transformed into a magnificent blue.

This gem has sent me for the last 40 years, for months on end, to Kenya and the mines in the Merelani hills in Tanzania. In the early days, conditions used to be terrible. Then, we would venture out into the bush, negotiating with and buying from Masai miners and then exporting our goods to the West.

I spent years trying to refine the tanzanite heating process, including a custom-made computer-controlled oven with many stages and properties. It was only fairly late in life that I discovered that my favorite gem behaves best when cooked on a fire or gas stove packed in a cigarette paper.

The history of tanzanite begins in the late 1960s when Tiffany & Co. introduced this fine stone to the international market by way of an advertising campaign. The stone was accepted with great enthusiasm and fetched very high prices, well over $1,000 a carat for fine, large pieces. But due to an unstable supply, the market was limited mainly to collectors.

When we first arrived with calibrated tanzanite in the U.S. market in the late 1970s, many dealers were reluctant to look at this fragile gem. One even told me that the gem was so soft (6+ on the Mohs scale of hardness) that may crack even if one sneezes on it, which is a gross exaggeration, but, come to think about it, not always so far from the truth. I once had a 15 carat gem that lost its corner when I accidentally dropped it on the table. Don't try that at home.

The 1980s saw a surge of supply from the mines, which resulted in greater recognition and appreciation of the stones. By the late 1980s, supply and demand were both high. Prices were reasonably low resulting in many designers using this remarkable stone as a centerpiece for their jewelry. The 1990s saw the golden era of tanzanite as a commercial product.

Outstanding tanzanites were used for fine quality jewelry, but inferior qualities rarely so. Pale or strongly violet, they are, however, quite commonly used today. Parcels of tanzanite cut in calibrated sizes are in high demand.

One should not forget that a fine blue tanzanite of 10 carats could cost today about $5,000-$8,000 a piece, whereas a similar color of sapphire weighing 10 carats could put you back between $30,000 and $200,000. Because color is so dominant in jewelry today, for larger jewelry items tanzanite is frequently your most viable option.

In 1997, for no apparent reason, the price of tanzanite collapsed. Gems dropped in value from day to day. This caused many people who were besotted with the gemstone, including your humble servant, to lose a great deal of money. We stayed loyal, but at a price.
They say the tanzanite crisis was caused by a glut of production from the Merelani mines. Prices remained suppressed for about two years, but then from mid-1998 up through mid-2001 they rose sharply. Blue was the dominant hue for many a TV shopping evening.

And then came 9/11 and the false rumors that the gem was generating funds for terrorists. It was a devastating blow, and prices died for a couple of years. Since then new players have been in the market, some trying to trade and create some kind of a controlled environment. But the stone struggled to regain the position it once held.

And then about three years we began receiving hints that indicated that tanzanite is on its way back up again. In the fashion's good books, the trend has continued till today. The price is gradually climbing, and new and rare colors of tanzanite, such as pink, green and yellow, which were once solely sought after by collectors, are becoming popular among other buyers, especially in the Far East.

Let's not forget that tanzanite does not have the 1,000 year history and record of sapphire, hence it is more sensitive to change. However, I believe that, because there is only one locality in which the stone is found, coupled with its relatively small supply and the steadily growing demand, tanzanite's place in the gem-world is secured for many years to come.

Could history repeat itself? I am confident it will not. Remember, even in the Holy Bible there was only one great flood,

And I remain head over heels in love, just as I was on the first day I set eyes on it.

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