₦airaland Forum

MOD please help me!

Hi NL, I hope to get more info about this business am planning to start.

I want to start exporting of precious stones like Diamond from Nigeria to any part of the world where is highly needed and profitable, but I need some info and ideas from you guys before I can emback on this business.

(1) Is there any law covering the business of precious stones in Nig.
(2) Will it be a felony for individual to export diamond.
(3) Which country is it needed, where can it be sold.
(4) What are the risks and challenges of this business.

Candid advice is appreciated.

Thanks.

(1) Yes! I have where to get my raw material.
(2) I budgeted just N1m for a start.
(3) I've not traveled out of this country Nigeria before.

Diamonds? Its best to locate buyers first before you start sha.

delishpot:
Diamonds? Its best to locate buyers first before you start sha.

I don't know and that's why am here.

victorazy:
I don't know and that's why am here.

Oh ok. I dont know much about diamonds sha. Esp since there are different types and quality of diamonds. Lets see who else has an idea of who and where to sell.
Do you get them from Naija or from another neighbouring country?
Do you have a steady supply?

delishpot:
Oh ok. I dont know much about diamonds sha. Esp since there are different types and quality of diamonds. Lets see who else has an idea of who and where to sell.
Do you get them from Naija or from another neighbouring country?
Do you have a steady supply?

Yes I will get them here in Nigeria, from one locality in Northern part of Naija.

Thanks.

victorazy:
Yes I will get them here in Nigeria, from one locality in Northern part of Naija.

Thanks.

Be extremely careful. the business is profitable as well as dangerous. Very vital you need to locate buyer and even after locating them be careful not to be double crossed. Now start our research cause you will need to travel and show samples. Never let them know you are new in the business if not OYO