What Drives Mammoth Ivory Price?

by ani.choudhary on July 1, 2014

If you browse through the variety of mammoth ivory products, you might be surprised with the associated price. However, the effort that it takes to excavate and salvage fragile mammoth ivory tusks from the permafrost along with the cost to the artist, mammoth ivory is affordable priced. As the retreating permafrost exposes mammoth skeletons, more mammoth tusks are available for sculpting and making jewelry. As per current statistics, Russia exports about 10 million tusks to China each year but within a few years, the supply will dwindle and mammoth ivory would be rarer.

And no doubt, it is a lucrative trade with mammoth tusks selling at $550 per kilogram. The fact remains that mammoth ivory is a limited resource with only a certain number excavated and some of the resources under the permafrost. Once that is depleted, there isn’t going to be any more as wooly mammoths died out and are an extinct species. However, as mammoth ivory is the only legal ivory which means that o animals are killed or harmed due to its use, it is always in demand. This demand propels the price.

But mammoth ivory is not fossil ivory even though fossilization has just started. For fossilization or petrification, it takes over a few thousand to millions of years before the buried material turns to fossil. The fact is this ivory is a limited resource; rare and fragile apart from the intense demand worldwide for legal ivory are a few of the considerations that drive the high prices of mammoth tusk ivory.

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