0121 568 8793 [email protected]
Paraiba tourmaline

Illegal Tourmaline mining operation closed down

July 31 2015

Assets worth up to £10 million were seized by police together with the arrest of 6 men after an investigation into a criminal organisation illegally mining Paraiba’s most precious gemstone tourmaline.

The unlawful organisation, which allegedly consisted of several businessmen and a state legislator, was said to have used an intricate network of offshore companies in order to negotiate the sale of Paraiba tourmaline as well as to launder money.

According to a separate translated MPF statement, the “glowing blue” colour and other unique characteristics of the Paraiba tourmaline had resulted in high demand for the gemstone. It was also said that Paraiba tourmaline had been used by international brands such as Tiffany & Co and Dior.

“It is estimated that a one-carat stone sells on average for US$30,000 (AU$38,563) and can sell up to US$100,000 (AU$128,534), depending on the characteristics of the gemstone,” the statement read. “The black market for the stone has generated a millionaire movement of illicit capital in Brazil and abroad.”

The largest ever Paraiba tourmaline found was valued at approximately £80million and had a carat weight of 191.87ct which was named the Ethereal Carolina Divine Paraiba. Although tourmaline comes in many colours and from countries worldwide the Paraiba tourmaline is seen as the finest with a distinct blue green colour.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Brazil Plans to Boost Tourism by Dropping Visas for Americans

Brazil plans to eliminate visitor visas for Americans, as President Jair Bolsonaro seeks to turn around the lagging tourism sector. Brazil is Latin America’s largest economy but has long punched below its weight in tourism. The country currently receives...

Read More

Stay up to date

Sign up to our monthly newsletter:

Email Address

By signing up to our newsletter you indicate your consent to receiving email marketing messages from us. If you do not want to receive such messages, tick here: 

You can opt out any time via the unsubscribe link at the bottom of our newsletter or click here