The torching of the seized stock, which included huge tusks, elaborate carvings, necklaces and bracelets, came two weeks after neighbouring Kenya made a similar gesture aimed at demonstrating renewed commitment to protect Africa's iconic but dwindling elephant population.
"The message we're sending is that we have zero tolerance for poaching and illegal trafficking. We are trying to save the elephants from extinction. This is part of that. We have to act rather than talk," said Dawud Mume Ali, director of the Ethiopian Wildlife Conservation Authority.
Ethiopia's own elephant population has collapsed during that period, and the most recent estimate puts the population today at just 1,800 animals -- with poaching driven mainly by demand in booming Asian economies, especially China.
Some of the ivory burned today included Buddha carvings.
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"From the 1980's, the elephant population in Ethiopia has decreased by 90 per cent. The Ethiopian Wildlife Authority is trying to minimise illegal poaching, but much has to be done," said Zeleke Tigabe of the African Wildlife Foundation.
"This is a rising tide. More and more African countries are recognising that sitting on ivory stockpiles is not sitting on Fort Knox. We want it to have no value. To be worthless. Elephants need to be worth money alive into national economies not through the export of their ivory," he said.
"This is just a piece of a dead body. This is not a piece of art.