One of many main Nigerian markets nonetheless underutilized is gemstone and jewellery. Regardless of Nigeria having a few of the best gem stones in Africa, the nation lags on the highest record of most essential gemstone producing international locations.  

Through the third version of the annual African Gems and Jewellery Exhibition and Seminar (AGJES) in 2019, Adesoji Adesugba, a professor of enterprise administration acknowledged that Nigeria may earn properly over $12 billion from gem stones yearly if it invests in a laboratory to certify the worth of the valuable stone. Quick ahead to in the present day, the large of Africa has attained nothing near the quantity. 

Eno Bassé Gemstone and Jewelries has acknowledged this and helps to make the market enticing by designing and manufacturing jewellery, because it companions with its shoppers to create the jewellery of its desires.  

Throughout a enterprise half hour programme by Nairametrics, Eyakenoabasi Bob, founder, of Eno Bassé Gemstone and Jewelries defined how the corporate takes delight in serving to to create what prospects would love as its focus is ensuring that shoppers are a part of the inventive course of. 

Apart from that, the platform additionally appraises jewellery for individuals who might need to know the value of their jewellery. She added, “we promote gem stones, we make and market gem stones. We additionally supply session providers associated to gem stones, diamonds, and jewellery. And importantly, we additionally actually love to coach folks, particularly about Nigerian and African gem stones. 

Whereas Eyakenoabasi and some different gemologists within the nation are placing within the effort to see constructive modifications out there, you will need to level out that the jewellery professional had initially began out learning civil engineering on the college, thereafter furthering her post-graduate as a mission supervisor. 

Many imagine that beginning a jewellery enterprise requires tens of millions to start out up, however Eyakenoabasi has been in a position to present that anybody may begin a enterprise with just some thousand as she had began small by promoting costumed jewellery whereas she was at school with cash raised from household and pals. 

“Again then, in 2016. I used to be making at the least N300,000 a month in revenue and I used to be promoting costume jewellery, not even diamond. So, you’ll be very shocked how a lot you could possibly make should you’re simply persistent and preserve going,” she stated. 

“For those who make investments with about 50 to 100,000 in shopping for items, you’re undoubtedly going to show over all. I used to be making 3 times the quantity of what I used to be shopping for at the moment. I wasn’t even a part of the inventive course of, I used to be simply shopping for and promoting. I used to be only a dealer.” 

“So finally, that advanced in my profession. I bought certifications and I went to Gemological Institute of America; I even have my certification as a goldsmith from Alchimia, Italy.” 

Discussing a few of the challenges in the middle of operating the enterprise, she defined that the Nigerian jewellery market remains to be far again as “What we’re importing is much completely different from what it’s we’re making as a result of we don’t have the tools, we don’t have the backing. Electrical energy is an issue.” 

“I might actually like to do much more manufacturing in Nigeria from begin to end as a result of proper now what we do is setting our gem stones in Nigeria; we set our diamonds, our coloured stones in Nigeria, however in relation to the precise metallic, we companion with our producer overseas to carry it in. However establishing diamonds right here can be a part of beneficiation, so we ensure that we use craftsman that’s Nigerian.” 

Talking about authorities regulation within the area, she famous that the Nigerian authorities is doing its greatest to curb unlawful buying and selling. She stated, “Again within the 90s, loads of our stones; Tourmaline, Sapphires have been exported out of Nigeria in enormous quantities, they have been actually going into the worldwide market and there was no form of rules for these items. Up till in the present day, unlawful buying and selling nonetheless goes on however we now have extra authorized buying and selling occurring” 

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