Abu Dhabi's trade in pearls and precious stones
represent 4.8 per cent of the total value of non-oil commodities worth Dh167 billion.
The complainant, a 58-year-old American investor, told the public prosecution investigators that his relatives, "who are into charity activities", decided to sell precious stones
they inherited for Dh5 million.
"For example, if a ring with a precious stone
has to be certified by the laboratory in Bahrain it will cost between BD50 and BD60, which will eventually be passed on to the customers, making the item more expensive."
The Global Witness valuation of jade mining in Myanmar is based on factors such as government production data, official sales prices and industry reports suggesting that up to 80 percent of the precious stone
is smuggled directly out of the country.
In the exhibition from all over Khyber Pakhtunkhwa, Chitral, Gilgit Baltistan, Quetta and other areas of the country the Gems and Jewelry business community arranged some stall in which precious stones
like Ruby, Tourmaline, Peridot, Sapphire, Emerald, Aquamarine, Topaz, Zircon, Spinel, Kunzite, Tanzanite, Manganite, Pearl, Turquoise, Lapislazuli, Citrine, Opal, Coral, Agate, Amber, Malachite, Almandine Garnet, Moon Stone, Sun Stone, Blood Stone, Amethyst, Aventurine.
"It is as big as a football, the biggest piece I have ever seen in my 60 years." Local and international media have said the find is one of the largest precious stones
Samir Abdullah Al Hadi, a Ministry of Commerce and Industry official present at the exhibition said, "We started our quality checking at the exhibition from the first day and so far we have not received a single issue in the jewellery which has been presented to us for quality checking." The exhibition, which runs till Saturday, December 15 invites prospective buyers to visit stall number 1110 where ministry appointed officials will verify the purity of gold and the clarity of the diamond or precious stones
to give more perspective on the value of the jewelry.
Dubai: UAE authorities have tightened the regulations against anyone caught "forging" hallmarks or certification on diamonds and precious stones
and then selling them here.
However, not giving up, the ant does not let go off the precious stone
and tries to sneak out of the jewellery shop.
109/2000, the ministry examined 978 samples of precious stones
Customers can usher the new year by availing of a wide selection of exquisite jewellery designs in gold, diamond, uncut and precious stone
studded jewellery, intricately crafted by our artisans.
On display at the Jacob's are most beautiful treasure collections of flawless white diamonds as well as some other varying colours of the precious stone
, which are rare to come by.