Iranian Precious Stones Sector Expands

Published September 19th, 2000 - 02:00 GMT

Iran’s third economic development plan (2000-2005) has attached special significance to extraction, processing and export of precious and semi-precious stones, Iran Daily reported Tuesday.  

Ministry of mines and metals declared its support for any kind of domestic and foreign investment in the field and was planning to increase production and export of precious stones, the paper said.  

Each year more than $100 billion of precious stones are traded on world markets and the figure is constantly increasing.  

According to the report, deposits of such stones have been found in more than 30 locations in Iran and their number is rising, the newspaper said, noting that at present, sapphire, agate, turquoise, topaz and jasper are among Iran’s main precious and semi-precious stones –  

© 2000 Al Bawaba (

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