The Global largest tanzanite buyer, Morris Gad, through his company, Diamonds International, intends to invest heavily in Tanzania’s gemstone industry to create employment for locals.
Mr. Gad, who buys nearly 70% of tanzanite to sell in his more than 140 locations in the United States, Mexico, and the Caribbean, revealed this at the end his three-day business tour in Mererani and Arusha last week.
Gad said his venture in tanzanite precious stone in the country would involve an investment of multi-million-dollars.
The tycoon also would be sourcing the Tanzanite gemstone only in Tanzania and not any other country so that local people can get direct income.
His daughter, Sara Morris Gad who accompanied his father in Tanzania business trip said that she was eager to understand the story behind tanzanite gemstone so that she can be able to tell her customers.
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