Agent Login
Welcome to Tambaba Country Resort agent login, you will require a username and password to enter this section of the site
close
User Name: Password:
 
login


News image

Illegal Tourmaline mining operation closed down

31/07/2015

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.

Recent News
16/10/18
Trump trade war delivers farm boom in Brazil
more>
06/09/18
More plans for big solar parks unveiled
more>
09/08/18
Protected areas could help boost Brazil's national economy, study finds
more>
06/08/18
FGTS threshold to finance homes increased to 1.5M reais
more>
30/07/18
Brazil Residential Sale Prices Stable in June
more>
25/07/18
Brazil homebuilder MRV to boost housing starts after hitting profit estimates
more>
24/07/18
China Expands Brazil Frontier as Investment Grows
more>
05/04/18
Yellow, Bike-share start up in Brazil
more>
22/03/18
Brazil designates two new marine protected areas
more>
19/03/18
Siemens to triple investments in Brazil
more>
20/02/18
UK agrees sale of HMS Ocean to Brazil
more>
08/02/18
Ship Repair Yard being built in Paraiba
more>

Archive