For the first time, the semi-precious stone green garnet was offered at an official auction of mineral resources in Panjshir Province. The local Taliban administration described the event as a step toward developing the trade of precious stones and increasing mining activity in the province.
According to published information, 3,297 carats of emeralds worth $198,370 were sold at the auction. In addition, 13 samples of green garnet stones were also traded. Among the participants in the auction was a Chinese gemstone trader.
Alongside the auction, questions have been raised regarding the transparency of the mining sales process, the management of revenues generated from natural resources, and how these proceeds are being spent. Critics argue that without the transparent disclosure of income details, contracts, and the use of mining revenues, it remains difficult to assess claims of economic development and job creation.
Some economic experts also believe that the presence of foreign investors and traders, including Chinese buyers, can benefit Afghanistan’s economy only if mining transactions are conducted under transparent, accountable, and independently monitored standards. Otherwise, concerns about natural resource management and the fate of mining revenues are likely to persist.
Writer:Salima Aryaei
