Tanzanite is a beautiful and extremely rare gem found in only one place in the world. The mineral is so rare it is expected to be completely mined out in the next 12 to 30 years. Tanzanite is found in just one place on this planet, at the foothills of Mount Kilimanjaro in East Africa in an area no larger the 4 square miles.
Recent events have created speculation that tanzanite prices may rise dramatically and investors and gem collectors have taken notice.
1) Tanzanite was named one of the December birthstones.
2) Larger gemstones are becoming more difficult to find.
3) The African government now owns 50% of the Block C mine.
4) Prices of the highest quality, larger Tanzanite gemstones are reaching $600 to $700 per carat.