MANAGEMENT

Detailed explanation-1: -Tyrian Purple, the most expensive dye in the world currently worth close to $100, 000 an ounce. Purple, Dye, Ancient.

Detailed explanation-2: -Purple’s elite status stems from the rarity and cost of the dye originally used to produce it. Purple fabric used to be so outrageously expensive that only rulers could afford it. The dye initially used to make purple came from the Phoenician trading city of Tyre, which is now in modern-day Lebanon.

Detailed explanation-3: -Widely believed to be the most expensive pigment ever created, more pricey than even its weight in gold, the Lapis Lazuli pigment was made from grinding up Lapis Lazuli semi-precious stones.

Detailed explanation-4: -To make the first purple shades, dye-makers had to crush the shells of a species of sea snail, extract its purple mucus and then expose it to the sun for a specific period. The process made the colour so scarce and expensive that wearing it was a symbol of status and wealth.

Detailed explanation-5: -In Rome during the 1st century CE, a pound of Tyrian purple dye cost about half a Roman soldier’s annual salary, or the equivalent of the cost of a diamond engagement ring today. Tyrian purple dye was so costly because it was difficult to make.