Sh5 Billion Tanzanite Auction Centre Nears Completion
By Fina Lyimo
Mwandishi wa Habari
The Sh5.4 billion trading centre will be the sole facility where the rare minerals found only there will be auctioned for buyers from within and outside the country
Moshi. A modern auction centre for tanzanite gemstones, being constructed at the cost of Sh5.4 billion at Mererani, is nearing completion.
The trading centre will be the sole facility where the rare minerals found only there will be auctioned for buyers from within and outside the country.
Lands, Housing and Human Settlements Development Minister Angeline Mabula was on an inspection tour of the site and expressed her satisfaction on the construction progress.
“This will be the only place where tanzanite will be sold to buyers thus reducing the burden of travelling long distances to sell the mineral,” she said.
She challenged tanzanite dealers to tell the gemstone buyers that Mererani in Simanjiro District, Manyara Region, is the only place where the mineral is mined.
The minister said the multi-billion-shilling building complex would be completed soon to the convenience of all manner of the gemstone dealers and exporters.