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Journal of Scientific Research and  Studies

Journal of Scientific Research and Studies Vol. 5(7), pp. 175-185, September, 2018

ISSN 2375-8791

Copyright © 2018

Author(s) retain the copyright of this article

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Full Length Research Paper

Understanding the gemstone path and value chain in Nigeria

 

Adesoji Adesugba1* and Stephanie Hoon2

1Gemological Institute of Nigeria (GIN), Business Entrepreneurship Skills and Technology (BEST) Centre, KM 8 Shehu Yar’adua Way, Lugbe, Abuja, Nigeria.
2School of Business, California Southern University, 3330 Harbor Blvd, Costa Mesa, CA 92626, USA.
 

*Corresponding author. E-mail: adesugba@yahoo.com
 

Accepted 27 August, 2018

 

 Abstract

 

Gemstones are known as a mineral crystal of precious stones found underneath the earth. They are naturally formed as minerals or substance of beauty when cut and polished for jewelry and part of alternative and complementary medicine from pre-historic times. Gemstones all have something special and beautiful about them. This study was undertaken to explore the rationale of gemstones path, value chain and their contribution to the economy of a developing nation such as Nigeria. Nigeria is known to have over 44 deposits of different solid minerals including gemstones in large quantity, and the sector contributes less than 0.3% to the Gross Domestic Product (GDP) of the nation. The scope of the study is to analyze the path a gemstone takes from extraction to the end users. The objective of the study is to examine each stage of the gemstone value chain, issues and opportunities that abide in each stage, as well as the current and future status each stage has on the economy of the nation. Based on a model of personal experience and knowledge, qualitative research analysis using interview and focus meetings was used to obtain participants opinions about the various level of gemstone value chain. The findings of the study are meant to address the lack of coordination that exists in the gemstone sector and propose suggestions and recommendations on the organization of the sector.

Key words: Nigeria, mining, gemstone, path, value chain, value, miners, artisanal and small-scale, jewelry.

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Vol. 5 Issue 7
 

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