English | دری

Afghanistan to set up gemstone bourse

in Afghan Business

Afghanistan to set up gemstone bourse

Afghan government would set up a bourse in Kabul by mid-2016 as a single source for Lapis Lazulli, said Afghan Minister of Mines and Petroleum, Dr. Daud Shah Saba.

In his interview with Reuters, Minister Saba said halting smuggling of Afghanistan’s gemstones would be tough, but Lapis Lazulli could be controlled.

Afghanistan’s lapis is unique. “We have the monopoly on that type of lapis. That stone has a signature,” Saba said in an interview on the sidelines of a mining conference in Melbourne earlier this week.

Minister Saba added that the bourse would help distinguish between the real and fake lapis. Afghanistan’s lapis would come with a government certificate.

“And then any other lapis with no certificate should be banned by the international community, as they have done with blood diamonds,” Saba said.
Afghanistan loses roughly $100 million a year through gemstone smuggling, more than the total exports of commodities like coal and industrial minerals like talc.


Tags assigned to this article:
Afghanistan gemstoneAfghanistan lapis lazulli

Related Articles

Afghan Finance Minister warns of economic crisis

In an exclusive interview with BBC News, Afghan Finance Minister Hazrat Omar Zakhilwal warned of a possible economic crisis to

Afghan Foreign Minister to Attend the World Economic Forum in Turkey

Foreign Minister Zalmai Rassoul is going to attend the World Economic Forum on Middle East, North Africa and Eurasia in

UAE to operate flights soon in Afghanistan

Afghan Foreign Minister has reported that the United Arab Emirates will launch flights in Afghanistan with effect from December of

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.