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Tanzania Seeks to Reclaim Global Control of Tanzanite Trade
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Tanzania Seeks to Reclaim Global Control of Tanzanite Trade
Tanzania Takes Bold Steps to Reclaim Tanzanite Trade Dominance Tanzania is ramping up efforts to restore its status as the global hub for the Tanzanite trade, seeking to counter years of value loss to foreign markets, particularly India. In a recent briefing, Minister of Minerals Anthony Mavunde announced significant progress made in the last four years, including the revival of international Tanzanite auctions, centered around the unique blue-v…
Tanzania moves to reclaim global control of Tanzanite trade
In contrast, India, a major hub for gemstone cutting and resale, reportedly exported $80 million (about Sh208 billion) worth of Tanzanite in the same year—four times more than Tanzania.
·Dar es Salaam, Tanzania, United Republic of
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