Thanks for stopping by and commenting, @calathea! I think this will lead to less ivory being bought and sold, but I also don't think it will make the market completely disappear. It's illegal in most other countries in the world, such as in the United States, but the police still manages to stop a lot of smuggling into the country anyway, so it's safe to assume that there is still a market for it over there. I think the same will happen with China; the illegal market will grow.

However, overall I do think that the demand will be reduced, so it's most likely a big win for the elephants.