Quick Answer: How much is rhino horn worth per gram?

How much is rhino horn gram?

$95/g to $53/g. This is perhaps because more rhino horn came onto the Asian market, with heavy poaching in South Africa of over 1,000 rhinos a year from 2013 to 2015, along with horns from poached animals in other range states, privately owned horns, and stolen government stocks. In China, retail prices are higher.

How much is 1kg of rhino horn?

Rhino horns are highly prized, estimated to fetch up to $60,000 per kilo on the black market – more than the price of gold or cocaine.

Why are rhino horns so valuable?

Aside from being used as medicine, rhino horn is considered a status symbol. Consumers said that they shared it within social and professional networks to demonstrate their wealth and strengthen business relationships. Gifting whole rhino horns was also used as a way to get favours from those in power.

How much is a rhino horn worth in South Africa?

Rhino horn is valued at $60,000 per kilogram on the black market – more than its weight in gold.

How much can you sell a rhino horn for?

The trade in rhino horn is highly lucrative. In the black market, rhino horn prices can fetch up to US$400,000 per kg for Asian rhino horns and US$20,000 per kg for African rhino horns.

What is a white rhino horn worth?

The World Animal Foundation said that on average, a rhino horn is worth $60,000 per pound in Asia. In other words, a rhino’s horn is more valuable than gold, diamonds and cocaine.

How many kilograms does a rhino horn weigh?

The country’s appetite for rhino horn is so great that it now fetches up to $100,000/kg, making it worth more than its weight in gold. (Horns average around 1-3 kg each, depending on the species.)

Is selling rhino horn illegal?

International rhino horn trade has been banned since 1977, which was followed by a decrease in rhino poaching rate at first (Ayling, 2013).

Can I sell rhino horn?

Trade in rhino horn is illegal in most countries, but the black market value of one kilogram is said to be USD 100,000—more than the price of platinum.

Who buys white rhino horn?

Rhino poaching is being driven by the demand for rhino horn in Asian countries, particularly China and Viet Nam. Rhino horn is used in Traditional Chinese Medicine, but increasingly common is its use as a status symbol to display success and wealth.

Is it legal to sell rhino horn in South Africa?

In April 2017, a court ruling in South Africa overturned the government’s 2009 moratorium on domestic rhino horn trade and passed legislation permitting sales within the country.

How much does a rhino cost?

North America