26 Sep 2022
DiamondWorld Directory
-
Home |
News
Home
Nigeria to Become a Gold Jewellery Destination
Government planning to add value to locally mined gold by converting it into jewellery
By: Diamond World News Service
|
May 7 2022 5:13PM
|
Reference: 26323  

DecreaseIncrease

Olamilekan Adegbite, Minister of Mines and Steel Development, Nigeria stated that the state would soon become a gold jewellery making destination while conducting graduation ceremony for 21 selected students of jewellery design. This first of its kind training was meant to strengthen the local production of jewellery, create jobs, increase livelihood standards and give expression to the creativity of Nigerians. The minister said that the training would be additionally beneficial as Nigeria is a large consumer of jewellery products from the United Arab Emirates, India, China and Europe. The training was sponsored by the MMSD and the World Bank and trainers were drawn from Begium and Germany among other countries.

The gemstone and jewelry industry of Nigeria remains underdeveloped, as gems are mined by artisanal operators and sold as rough stones in Germany, Indonesia, Sri Lanka and the United States. Value addition to Nigerian gold and gemstone would be critical to the diversification of the current government, as it moves away from over-dependence on oil. Adegbite said, “We discovered that our gold is leaving Nigerian shores on a daily basis in raw form to other countries and after the gold is converted to jewellery the price will become so high that common man cannot afford it. We are going to retain our raw gold and add value to it and sell to our people. We are currently building Gold Souk in Kano and Gemstone in Ibadan where our raw gold will be converted to jewellery and we can also export them. We have trained 21 youths as first set selected across the country to also train others in jewellery making and they will be empowered with starter packs.’’

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31465
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8856
GJEPC Chairman Interview
Views: 27637
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38609
Promo for IJ Awards 2012 at NDTV Profit
Views: 56430
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67912
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21479
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50371
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 52202
Advertisement
DWsubscription
Member of:
Supporter of: