Ethiopian Mineral Corporation (EMC) launches a digital gemstone trading platform to transform the way minerals are purchased and sold.
As indicated on the launching ceremony held on July 12, 2023 at Sheraton Addis luxury hotel with the presence of various stakeholders, the platform is set to provide a seamless and secure online marketplace for traders and enthusiasts’ worldwide, enabling efficient communication and transactions between buyers and sellers. Additionally, the platform aims to accommodate other exportable mineral commodities, drawing it a step closer to the government’s “digital Ethiopia vision 2025” in the mineral industry.
It is stated that the digital platform showcases an extensive collection of gemstones from around the globe, including opal, rubles, emeralds, sapphires, and more. Each listing provides detailed information about the gemstone’s characteristics, grading, and origin, ensuring transparency and authenticity. On its end, the EMC will implement a rigorous verification process to ensure all gemstones listed on the platform meet the highest quality standards.
Developed by EagleLion Technology System, the Ethiopian Minerals system is supported by Dashen Bank. The platform uses Mastercard’s Payment Gateway Service (MPGS) for secure transactions, ensuring the safety of transactions and protecting the interests of buyers and product suppliers. Mastercard is an official partner with EMC, working on product development, standardization, promotion; marketing, training, capacity development, and technical advisory support to ensure Ethiopian minerals become a world-class digital platform.
“EMC is aware of the digital transformation occurring in the mining industry globally and is determined to reform itself into a leading force contributing to Ethiopia’s economy. With years of industry experience and a dedication to innovation, EMC is now proud to offer cutting-edge digital trading platform for gemstones and other exportable mineral commodities using its Ethiopian Minerals digital trading platform,” said Rahel Getachew, head of the corporation.
