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Thursday, March 06, 2008

Nigerian Gem Deposits

Nigeria produces commercially important colored stones such as corundum (ruby + sapphire) + beryl (emerald + green beryl + aquamarine) + tourmaline (various colors) + topaz + garnet (spessartine), but most gem deposits are small-scale operations and irregular and often sold to dealers from East/West Africa/Europeans/Asians/North Americans + marketing channels are inefficient and disruptive + gemological knowledge is almost nonexistent + the local gem cutting industry needs a major facelift.

In my view the country has the potential if there are proper mining infrastructures + less corruption (difficult to get rid off) + improved security + proper gemological training at all levels + less bureaucracy.

Gem sales at Ibadan + Jos are good starts, but the government need to do more so that foreigners feel comfortable when buying gemstones through proper but reliable channels.

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