24-2-2021
Chinese Consul General to Pakistan meets with Pakistan Gems Jewellery Development Company (PGJDC)chairman Shahid Iqbal Qureshi to discuss room for collaboration regarding development of gems and jewellery industry.
Possible cooperation included: setting up cutting and polishing centers, investment in extraction of gemstones. Primitive extraction methods and tools are believed to be the major reasons of the crippled development of the industry. Qureshi highlighted that indiscriminate blasting has damaged the gemstone during the extraction stage thus drastically reduce their value.
Pakistan is blessed with its abundant resources in varieties of precious gemstones: emerald, ruby, sapphire, aquamarine, peridot, topaz, and tourmaline.The country has the fifth largest reservoirs of gemstones in the world and has the potential to export 800,000 carat Ruby, 87,000 carat emerald each year. It exports gemstones worth at least US$3.7 billion annually.
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