Rosewood is generally more expensive than ebony. This is due to several factors, including the rarity of rosewood species, their restricted trade, and the demand for their unique properties in musical instruments and furniture. According to a report by the International Trade Centre (ITC), the average price of rosewood can range from $10,000 to $30,000 per cubic meter, depending on the species and quality. In contrast, ebony is more commonly available and has a lower price range, typically between $1,000 and $5,000 per cubic meter. The higher price of rosewood is also influenced by the CITES (Convention on International Trade in Endangered Species of Wild Fauna and Flora) regulations that restrict the trade of certain rosewood species to protect them from extinction. These regulations have driven up the value of rosewood as a sought-after material in the luxury goods market.