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Tanzania seeks to become Africa’s trade-hub for gemstones

23 april 2015
Tanzania said it is seeking to become the trade hub of gemstones in Africa as it is endowed with several types of gemstones.
Gemstones found in the East African country included tanzanite, ruby, tsavorite, garnet, emerald, sapphire and alexandrite.
Diamonds are also mined at Petra’s Williamson Diamonds.
The country’s minerals commissioner in the ministry of energy and minerals Paul Masanja said the fourth Arusha gem fair, which started Tuesday and ends Thursday, was a culmination of the 2009 Mineral Policy that seeks to promote the country’s ambitions of becoming the hub for gemstones in Sub-Sahara Africa.
He also said the Tanzanian government intends to “hasten” the contribution of the gemstone industry to socio-economic development of the country.
“The Arusha Gem Fair has many benefits to the government as well as all participants. On the side of the government, it provides revenues in a direct and indirect manner,” he said.
“The fair provides market for gemstones which are produced locally and those from Sub-Saharan countries.”
Meanwhile, Tanzania mineral dealers association chairperson Sammy Mollel said the gem fair was the “undeniable great” platform and opportunity for both new and existing traders who had been working to intergrate technique and skills to display best gemstones to satisfy demands.
The show, which normally takes place in November was moved to this month to allow participation from European and American dealers.
Tanzania was also set to conduct general elections towards the end of the year.

Mathew Nyaungwa, Editor in Chief of the African Bureau, from Arusha, Tanzania, Rough&Polished