Over 11,000 carats of Panjsher emeralds sold for $54,000

A significant auction of newly extracted emeralds from Afghanistan's Panjsher province has yielded substantial revenue, with over 11,842 carats sold for 4,770,360 Afghanis (approximately $54,000 USD).

The sale, overseen by the Mines Protection Committee, saw precious stone traders acquiring the valuable gems. Saifuddin Laton, spokesperson for the Panjsher governor, highlighted the provincial administration's commitment to expanding mining activities as a crucial strategy for economic development and achieving self-sufficiency for the region's residents.

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The provincial leadership considered the expansion of mining activities a key priority for promoting the local economy and achieving self-sufficiency for residents.

Panjsher province is rich in mineral resources, with approximately 600 mines identified to date, providing employment for around 12,000 workers. Over the past three years, the local administration has focused on implementing comprehensive economic strategies, particularly emphasizing the development and expansion of mining operations. The administration aims to ensure mineral extraction is conducted professionally and adheres to transparent legal frameworks.

Traders participating in the auction expressed their satisfaction with the transparent and favorable environment provided for the purchase of precious stones. They commended the arrangements made by the Panjsher local administration, noting the positive impact on their business dealings.

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The facilities and arrangements provided in this regard were commendable.