In 2002, the cost of raw ivory on the illicit market was reported to be $150 per kilogram. By 2004, the cost doubled to $300 per kilogram.By the end of the decade, raw ivory was selling for $700 per kilogram, according to Convention on International Trade in Endangered Species of Wild Fauna and Flora.
In China alone, the price of raw ivory has skyrocketed. In 2011, the price of ivory was reported to be $270 per pound. By October 2012, the reported price of raw ivory on the black market is $900 per pound.
Half of all large-scale ivory seizures that involve over 800 kilograms of ivory takes place in China. Between 2009 and 2011, a total of 29,000 kilograms of raw ivory was seized in China.
Source: Audrey Yoo and Catherine Traywick, “Blood Ivory: Hong Kong Fights a Losing Battle Against Smugglers,” Time, October 15, 2012.