Tanzanite is a variety of zoisite, a calcium aluminum hydroxy silicate, with a hardness of 6.5.
It's officially called blue zoisite. Tiffany & Co.'s Henry B. Platt coined "tanzanite," predicting its rising value and rarity.
Tiffany launched it in October 1968 with the slogan: "Tanzanite is only found in two places in the world: Tanzania and Tiffany's."
Demand remains high today. US sales reach about $500 million yearly.
Tanzania formed in 1964 from Tanganyika and Zanzibar. It's in central-east Africa, home to Mount Kilimanjaro, Lake Victoria, and Serengeti National Park.
Tanzanite supply is controlled like diamonds by De Beers.
The Tanzanian government nationalized the mines. It bans rough exports to India, so Tanzanians cut most gems.
TanzaniteOne leads production. It controls mining, cutting, and distribution.
This cubic zirconia matches tanzanite's color at a fraction of the cost.