Roskin Gem News Report

Sh5 Billion Tanzanite Auction Centre Nears Completion

By Fina Lyimo
Mwandishi wa Habari
Mwananchi

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.

Dr Mabula said unscrupulous tanzanite traders in some neighbouring countries have taken advantage of absence of the facility to misinform the world on where tanzanite is mined.

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