Gemstone Business In Nigeria


Gemstone business in Nigeria is a big income generator as there are different gemstone mines scattered across Nigeria. The popular gems in Nigeria are topaz, amethyst, tourmaline, emerald, garnet, zirconia, aquamarine, sapphire amongst others. Gemstones  are of precious and semi precious grades. It is a piece of crystal and are of various kinds, grades and colors. Gemstones in Nigeria alone can sustain the country for years, but the distraction of crude oil has left it to be mined illegally.

A global report asserts that scarce gems like beryl, aquamarine,sapphire, zirconia and tourmaline in bubble gum pink and watermelon grades from green to red can be sourced from only Tibet, Nigeria, Afghanistan and Brazil.  Gemstone mining has boomed in various parts of Plateau, Bauchi, and Kaduna states. However, the availability and distribution of these minerals is not the subject matter but the seemingly lack of information on the investment opportunities available in this sector.

Factors affecting gemstone development in Nigeria includes lack of capital,markets, technology and entrepreneurs. There is a need to train entrepreneurs to take advantage of this opportunity, trainings should be conducted on gemstone identification and mining, cutting and polishing, certification as well as access to markets.

Gemstones can command premium prices in both local and international markets only when they are carefully cut, shaped and polished. A Nigerian rubelite Tourmaline can be sold for $1,000 per carat depending on color, size, cut and clarity. That is to say, if one kilogram was sold which is an equivalent of 5,000 carats, a sale of  five million dollars has been made.

Ibbie Gold Nigeria Limited is a solid mineral trading, processing and exporting company that sells gemstones to the global market. We source from different mines in Nigeria and sell only the best quality at affordable prices.

Types of gemstones: Amethyst, Aquamarine, Citrine, Zirconia, Tourmaline, Iolite, Quartz, Rubelite Tourmaline, Ruby, Emerald, Sapphire

Contact us at: ibbiegold@gmail.com
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