How much does a rhino horn sell for?

How much does a rhino horn sell for?

This is because countries such as China and Vietnam believe the horns can heal a variety of ailments. 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.

Can you sell rhino horn in the USA?

Cities and states across the US have consequently banned ivory and rhino horn sales to fill gaps in federal policy. However, these policies have condensed ivory markets to places where the trade is still legal, such as the nation’s capital.

How much will a Rhinos horn sell for on the black market?

Based on the value of the Asian black market, rhino horn price is estimated at $ 65,000 USD per kg. In the near past, the rhino horn price soared up around $65,000 per kilogram. This price hike turned the rhino horn more valuable than gold and many other precious metals, also many times more worthy than elephant ivory.

How much is a gram of rhino horn?

Back then the price of rhino horn was USD 5,700 per gram and today it is USD 2,800 per gram..

Why are rhino horns so expensive?

The answer is Vietnam. 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.) The weird thing is that the surge in Vietnamese demand is fairly recent.

Is rhino horn more expensive than gold?

For example, rhinoceros horn is more valuable by weight than gold, diamonds or cocaine. A recent report puts the price of rhino horn in Asia at $60,000 per pound. The number of rhinoceroses poached skyrocketed from 13 per year to 1,004 per year in only 6 years.

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.