Nov 19 2013Rough Welo Opals Take a Drastic Price Increase

Nov 19 2013Rough Welo Opals Take a Drastic Price Increase

Updated 11/19/2013

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