Chances are high that climatic changes and hunting perused the wooly mammoths to extinction and now they are again looking to hunt the carcasses to harvest the huge tusks. As the climate grows warmer and the permafrost melts, it has exposed thousands of tusks and the growing mammoth ivory trade is prospering.
Every year about 60 metric tons of pure and legal mammoth tusk ivory is traded and it does not come cheap. According to the current prices, a good quality, 10 feet tusk can fetch a price of about $250,000 which is lucrative to the hunters and traders in the Arctic and Alaskan regions. The intense demand for mammoth ivory is due to the rising profits and ban on elephant ivory. China has high demand for ivory due to its use in traditional medicine and ornamental value of lustrous ivory. With more people opting for natural ivory which is legal and ethical, there has been a tremendous demand globally. With it replacing elephant ivory, elephants are already being protected. As this is legitimate ivory, there is no requirement for smuggling it into any country but people can own it proudly.
With millions of mammoth still waiting to be excavated, most of them were 5 meters and weighted about 12 tons. They are buried mostly in the region of Alaska and Siberia, and trade in mammoth ivory is here to stay. However, it may surprise some people but mammoth tusk ivory is not a new trade. People in Yakuytia, a mineral rich in Siberia have been mining tusks for decades. Now people are using modern technology to search for the buried tusks as it is more profitable than mining gold.