Tanzania received $ 4.3 million from the sale of tanzanite gems at auction, which lasted four days and was held in Arusha, northern capital.
Coastweek edition reports that the government of Tanzania has earned more than $ 170,000 in royalties from this auction, but does not indicate how many carats of tanzanite were sold.
Deputy Minister of Energy and Mineral Resources Mdoe James (James Mdoe) said that the auctions for the sale of tanzanite help the country curb smuggling.
Tanzania is losing millions of dollars in tax revenue due to smuggling and illegal mining of tanzanite.
Regional Commissioner Manyara region (Manyara) Dzhoel Bendera (Joel Bendera), said that the auction for the sale of tanzanite should continue if the country is to receive a steady income from these rare stones.
"Auctions have become an effective tool in reducing the smuggling of precious stones, as miners and dealers can get a higher price, working in this field", - he added.
According to Bender, the Government of Tanzania will continue to ensure the safety and security of precious stones, countering smuggling.
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Angolan state diamond company Endiama said that investors can seize the opportunity to finance the exploration and diamond 127 projects that the company owns.
The company noted that the 7 projects are located in the province of Zaire, 24 - in Lunda Norte, 38 - in Lunda Sul / Moxico, 19 - in the Malanje / Kuando Kubango, and 3 - in Namibia / Kunene.
Endiama also reported that production at the diamond fields, where it is planned to carry out exploration, applies to both traditional and non-traditional methods to.
Last year, the Angolan company said it is in talks regarding the 108 diamond projects.
Endiama representatives talked about the need to invest in the Angolan diamond sector, as it would provide political, economic and social stability of the country. In the interior of Angola, according to the authorities, it provides high-quality diamonds, kimberlites with enormous development opportunities, as well as alluvial deposits.
In Angola kimberlite is situated about 1000, but the authorities have issued only 195 exploration licenses.
Now a commercial diamond production being only 0.66 square kilometers of mine Catoca (Catoca) in Lunda Sul province, providing about 80% of diamond mining in the country.
The Russian company Alrosa, Endiama and the Angolan several other companies have an interest in the project of skating rink.
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