In the realm of luxury woods, both rosewood and ebony hold significant value, but rosewood is generally considered more valuable. This is primarily due to its rarity, unique grain patterns, and the demand for it in high-end furniture, musical instruments, and decorative items. According to the CITES (Convention on International Trade in Endangered Species of Wild Fauna and Flora), rosewood species are highly protected due to their declining populations. The International Union for Conservation of Nature (IUCN) has listed several rosewood species as critically endangered. This legal protection and the wood's scarcity contribute to its higher market value.

Ebony, while also a highly sought-after wood, is less valuable than rosewood. It is known for its dense, hard, and durable nature, which makes it ideal for making high-quality furniture and musical instruments. However, ebony is more abundant than rosewood, and its trade is less restricted. The demand for ebony has been stable, but it has not reached the levels of scarcity that drive up the price of rosewood.

Data from the International Wood Association (IWA) indicates that the price of rosewood can be several times higher than that of ebony. For instance, the price of African blackwood (a type of rosewood) can range from $10,000 to $20,000 per cubic meter, whereas the price of ebony can vary between $2,000 and $5,000 per cubic meter. This significant price difference underscores the higher value attributed to rosewood.

The aesthetic appeal of rosewood also plays a role in its value. Its rich, dark color and intricate grain patterns make it highly desirable for decorative purposes. Additionally, rosewood is known for its excellent acoustic properties, making it a preferred choice for crafting high-end musical instruments such as guitars, pianos, and violins. The craftsmanship involved in creating these instruments further adds to the value of rosewood.

In conclusion, rosewood is more valuable than ebony due to its rarity, legal restrictions, aesthetic appeal, and demand in high-end markets. The scarcity of rosewood and its unique characteristics make it a sought-after material, driving up its price and solidifying its status as a premium wood.