20 billion dollars of gemstone reserves are still unknown

15 January 2005 | 13:48 Code : 4639 Geoscience events
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Seventy regions of gemstones have been recognized in Iran but the Iranian Government has not done anything to exploit these reserves yet.
Seventy regions of gemstones have been recognized in Iran but the Iranian Government has not done anything to exploit these reserves yet. In accordance with experts’ evaluations, if these gemstones are exploited, 20 billion dollars will be added to Iran’s financial reserves. Iranian authorities declared that only two exploitation permits have been issued for two
   of these areas, and no significant activity was carried out for other gemstone reserves. All
   investors who participated in this business could rely only on their own budget. If the government supports investors on this issue, then it will be possible to expect the development of this industry and a better labor market in handicraft preparation. Lack of
   sufficient attention to this industry caused to make the handicraft market arena empty for countries, such as Pakistan which has become familiar with this art only during the recent years. These countries have employed Iranian experts to establish the gemstone industry in their own territories, whereas this art has originated from ancient Iran with a cultural
   history of 5000 years. Valuable and even semi-valuable gemstone business does not have any recorded statistics in Iran, but famous domestic institutes have announced that about 500 to
   600 million dollars are being transacted in this market.
   In international market, 600 million dollars is the amount gemstone transactions. The most important transactions are done in the USA, China, Thailand, Hong Kong and India. In Iran, because people are not familiar with the real price of these gemstones, most of the prices are different from the real ones.
   Sometimes, some of the jewelers sell their gemstones two to three times more than the real price. At present, turquoise and agate are the only semi-valuable gemstones of Iran. Therefore, most of the gemstones of Iran are imported via smuggling.
   Of course, smuggling of these types of stones are not common only in Iran, and in many countries such event may take place.
NGDIR News Section

tags: QAZVIN


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