Is Tanzanite a Diamond?

It's been said that Tanzanite is like Diamond, but Tanzanite is at least 1000x more valuable and more rare than Diamond. Diamonds have been minded in large quantities. You can't say that about Tanzanite. ... Tanzanite is far more rare than Diamond and has just recently been mined.

Is tanzanite a real diamond?

If rarity boosts a gemstone's value, tanzanite, which is mined from just one source, could be prized for that fact alone. All the world's tanzanite is sourced from just 8 square miles (20 square kilometers) near Mount Kilimanjaro in Tanzania.

Is tanzanite stone expensive than diamond?

Tanzanite is one of the rarest gemstones on earth and one of the most undervalued relative to its rarity. Given its scarcity, it would be reasonable to assume that it would sell at a high premium. Yet, with the price per carat ranging between US$300 and US$600, it sells for far less than diamonds.