Although there are no official numbers, top-grade Blue Dominican Amber will be found up to 50 kilos per year, high-grade Blue Amber has probably a yearly output of approximately 250 kilos, while the low-grade quality does not exceed 900 kilo per year. Compared with it, the yearly production of gem-quality diamonds is at a whopping 130 million carats. That’s 26,000 kilos (26 metric tons). Since diamonds are composed of simple carbon atoms arranged into a crystal they are easily made in a laboratory. Even from peanuts. Or from the ashes of your loved one.
But as De Beers’ Nicky Oppenheimer said: ”I don’t want diamonds to be discounted. I abhor it. What is tantalizing is that at the luxury end – the famous blue box of Tiffany’s – there are brands getting the margins and markups enjoyed in the luxury goods business as a whole. We want to see stores pushing the preciousness of diamonds rather than treating them as a commodity you can discount.” Yeah, rare, my foot.
Being this scarce and rarer than diamonds, why isn’t Dominican Blue Amber more expensive? The answer is: top grade blue Dominican amber is rather expensive. Compared to regular amber and its color variations it is in the highest price range, fluctuating with the market value according to the above factors. Therefore, if you find a piece of blue amber being offered too cheap, maybe on eBay and made in China (LOL), it might not be the real thing you are looking at. There is some bluish amber in Indonesia as well, but it is more like purplish instead of blue.