The chinchilla (whose name literally means "little chincha") is named after the Chincha people of the Andes, who once wore its dense, velvet-like fur. By the end of the 19th century, chinchillas had become quite rare due to hunting for their ultra-soft fur. Most chinchillas currently used by the fur industry for clothing and other accessories are farm-raised. Chinchilla fur is considered one of the most valuable furs in the world.
Chinchillas are currently listed as a critically endangered species by the IUCN Red List of Threatened Species due to a severe population loss approximated at a 90% global population loss over the last 15 years. The severe population decline has been caused by chinchilla hunting by humans.
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