Arusha gem plant to create 200 new jobs

Tanzanians – especially residents of Arusha city and neighbouring towns – will have a reason to smile, thanks to a joint venture of two firms that have been pumping millions of dollars to establish a gemstone processing plant that will employ about 200 locals. 

The firms are Diamonds International – a global firm -- and Arusha-based Signature Gems.

Diamonds International -- the largest jewellery retailer with 140 outlets in America, Mexico, Caribbean and other parts of the world -- specialises in manufacturing and selling of jewellery, while Signature Gems is among top local Tanzanite gemstone dealers and suppliers.

Diamonds International’s CEO and chairman -- whose firm purchases about 70 per cent of Tanzanite production -- billionaire Morris Gad and Signature Gems managing director  Sailesh Pandit agreed to set up the state-of-the-art Tanzanite gemstone processing plant being established on the outskirts of Arusha City.

Upon completion, the plant would be estimated to cover over 1,000 square metres. It is located opposite Pepsi Cola along Njiro Road, about 6km South-East of Arusha. It is anticipated to turn Arusha into the largest gemstone producer and exporter in the World in the near future.

Mr Jacob Hassid, the managing director of Diamonds International, said that the plant was conceived following Mr Gad’s visit to Tanzania last month. The plant will be completed in about a month’s time.

“We will train them on how to cut and polish rough Tanzanite for the export market,” Mr Hassid told a press conference in Arusha.

Reading a message from billionaire Gad before journalists, the firm’s general counsel, Mr  Elchonon Shagalov, said the best memories he held about Tanzania during his trips was the people’s generosity.

“I was very impressed how we were welcomed into the country with warmth and open arms,” tycoon Gad said in his written message. He added: “My motto has always been, when someone does well to you, reciprocate that goodness.”
Source: The Citizen, , reported by Adam Ihucha in Arusha

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