We have been informed by our Welo opal supplier In Addis Ababa that rough Welo opal can again be exported. Unfortunately the ban reversal comes with a VERY large increase in opal prices. The Ministry of Mines is requiring opal exporters to provide proof of bank wire transfers, before opal can be exported, of $1500.00/kilo for low grade mine run rough Welo opal, $5000.00/ for high grade mine run rough Welo opal and $10,000/kilo for select gem grade rough Welo opal. This price increase has just about put a halt to all rough opal exports.
Steve Newstrom Village Smithy Opals, Inc