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.
What is so valuable about rhino horns?
We found that people used rhino horn for a number of purposes, principally as a medicine and as a status symbol. The most prevalent use was for treating hangovers. Other uses included using it to honour terminally ill relatives. We also found that consumers preferred wild rhino horn over farmed rhino horn.
How much to rhino horns sell for?
Based on the Asian black market value, rhino horn is estimated to be worth US$65,000 per kg.
What is rhino horn worth more than?
For example, rhinoceros horn is more valuable by weight than gold, diamonds or cocaine. … Although there is no scientific proof of its medical value, rhino horn remains highly prized in traditional Asian medicine, where it is ground into a fine powder as treatment for a variety of illnesses such as nosebleeds and fevers.
Is it legal to sell rhino horn?
Rhino horn: Generally cannot be sold in interstate or international commerce. Consult the Service for limited exceptions. Import or export requires a permit.
What are Chinese rhino horns for?
In traditional Chinese medicine, ground rhino horn was prescribed for lowering fever and ameliorating such disorders as rheumatism and gout.
Does rhino horn really work?
Rhino horn is made from keratin—a protein found in fingernails and hair—and the product is falsely said to help treat everything from cancer to gout when consumed in its powder form. There are no proven medicinal benefits in humans from either product.
Is ivory worth more than gold?
Newfound wealth in countries like China, Vietnam and Thailand is fueling demand for luxury items including rhino horns and ivory, causing prices to skyrocket. Now, pound for pound, the dense white stuff is worth more than gold.
What is the current price of ivory?
The price currently paid for raw ivory in Asia, according to an investigation by the Wildlife Justice Commission, is currently between $597/kg and $689/kg, in U.S. dollars.
Why is rhino horn illegal?
Currently, international trade in rhino horn is banned under CITES, in response to growing concerns that increasing demand from Asian nations over the last decade has led to a poaching crisis that has decimated many African rhino populations.
What are the consequences for selling rhino horn?
After sentencing, the court may destroy the ivory, ivory products, rhinoceros horn and rhinoceros horn products or donate them to an educational or scientific institution or organization, including, but not necessarily limited to, a museum, university, or research group.