Here is my 2 cents worth of info on one of my favourite topics
My background in Mahogany: I have been involved in buying mahogany for about 5 years. I bought 3 containers of cuban mahogany from Cuba in 2003, the lumber came from storm damaged trees from Hurricane Michelle (legal for me, I am Canadian). Apparently this was the first legal shipment to leave Cuba since 1959. Cuban mahogany exports were banned in 1947, although some small amount was exported after that. I was contacted later that year from someone in Haiti who had a mahogany plantation, I later made a deal to buy into the company and have started importing mahogany from there. Last year I supplied the White House with 100 year old re-claimed cuban mahogany (from Haiti) for repairs to the Eisenhower Office. I have also purchased mahogany from Fiji and have bought others species from many other South American countries. I currently deal only in plantation grown products, re-claimed or some sort of under-utilized species that is from a sustainable forest.
best book ever on mahogany, Mahogany of Tropical America by F. Bruce Lamb. Very rare, if you want to learn about mahogany, find this book and buy it.
fact #1. mahogany cut in a closed forest will not grow back unless approx 1 acre is cleared to allow sunlight to get at the seedlings. Mahogany is not tolerant of shade.
fact #2. No one will pay more for plantation mahogany, they want to pay less. There is a misconception that plantation grown lumbe ris inferior. Mahogany is a product of its environment. Most mahogany from the Pacific area is lighter in density than from other areas. As well, the plantations there were very poorly maintained and there are excessive pin knots. Since the mahogany we have in Haiti grows in cuban mahogany territory, the wood is a virtual equal to cuban mahogany in density and figure. However, we do not have the great size of 100 to 200 year old trees, and we also get more pin knots (although the butt log will have very few, if any) than something that is older and grew in a big forest. Not all forest grown mahogany is great, not all plantation mahogany is inferior. Density is the ultimate determiner of the quality of the mahogany and how it will age and last. Use that as your guide when you buy mahogany
fact #3 the mahogany export business is extremely corrupt. Nicaragua just placed a 10 year moritorium on mahogany exports, although some can leave if value added is done in Nicaragua. It is a common practice in most countries for exporters to get a permit for 100 cubic meters ( 42,000 bd ft) and export 200 cubic meters, or something similar. Paperwork all shows the lower amount, seller and buyer have an "understanding" as to how it works. This also is a major tax evasion by the exporter, which probably plays a great role in their deception. That was one of the major reasons Nicaragua stopped the exports, and one of the big reasons behind the lawsuit filed in the US by environmental groups to stop Peruvian mahogany from being exported to the US. Greenpeace played a major role in shutting down Brazilian mahogany exports, by playing up the environmental damage and even murders of native protesters. Most mahogany exports and imports are controlled by big companies with a lot of money, ethics vs profits, use your own judgement there.
fact #4. Mahogany will only get rarer and more expensive. Mahogany was placed in a more restricted category by CITES in November 2003. Exporters now have to provide scientific evidence that they are not damaging the long term survival of the species with their harvesting practices. This has not eliminated the corruption, but has restricted it to lower amounts. Imports to the US are down about 75% since the early 90's, hence the rise in price. There is some talk in both Peru and Bolivia about banning mahogany lumber exports. I heard the same talk in Nicaragua for 2 or 3 years, then it happened. Peru supplies about half of the mahogany that enters the US right now.
fact #5. If more plantations are not started and properly financed and maintained, our children and grand children will not have many opportunites to use the great wood. I am trying to start more plantations, but as one man I can only do so much. There are very viable ways of doing this, but only with a long term approach. Short term, get rich quick schemes in plantation lumber are scams. Properly planned and maintained plantations can provide great lumber for people who appreciate it, and a reasonable long term profit for those who invest in the right ones. My plantation in Haiti was started 50 years ago, on 60 acres, we now have 4000 trees, 1000 of them 20" diameter and greater, 40 to 60 ft to the crotch. More plantations of valuable hardwoods would also help reduce de-forestation and help reduce greenhouse gases. We cannot continue to use the same practices as we have for the last 500 years, we have eliminated the large cuban mahogany trees that will never grow to that size again, and the supply of large, high quality honduras mahogany is shrinking faster than it is being replaced.
I really hope that many others will also try and get involved in starting more mahogany (and other types) plantations. Some will fail, some will be scams, but some will succeed and supply future generations of fine furniture builders. There are no easy solutions to the mahogany problem, and if everyone does nothing, nothing will happen.
sorry for being long winded, imagine how my wife feels hearing me talk about mahogany. Hopefully, you will be more interested.