Resource-rich Iran plays a meager role in international production and sales of precious stones
Resource-rich Iran plays a meager role in international production and sales of precious stones, said a university professor ...
Resource-rich Iran plays a meager role in international production and sales of precious stones, said a university professor here on Tuesday, adding that the country has huge reserves of precious stones, including diamond. Mosayyeb Sabzei further told the First Kouh-e Nour Precious Stones Exhibition that regional countries, including Afghanistan, Pakistan, Turkey and India, are active in international precious stone markets, while Iran has failed to gain a foothold in the multibillion-dollar business. He blamed the government and the community of geologists for neglecting the lucrative industry, stressing that studies show Iran might hold huge diamond reserves.
The expert further noted that precious stone manufacturing industry generates the highest value-added in the mining sector, adding that the banking system has failed to encourage the involvement of private companies in the business. He said the government and the banking system have not yet realized that mining exploration projects are of paramount significance for the country, saying they only finance projects which take a shorter time to become operational. Sabzei said that the industry can generate jobs once it is developed properly. Experts say precious stones extracted from Iranian mines are of high quality. Persian turquoise, which is extracted from the 2,500-year Neishabour Mine, is the world’s most dazzling and precious gem. However, growing inattention of the state to domestic production has led to the smuggling of US, Egyptian and chemical turquoise into the country.