A long-lost pirate ship packed with treasure worth a staggering $138 million has been discovered off the coast of Madagascar.

Researchers at the Center for Historic Shipwreck Preservation say they believe they’ve identified the resting place of a ...

Explore the world's most dazzling gemstone destinations, from Myanmar's ruby valleys to Sri Lanka's sapphire-rich lands.

Analysis - The chance discovery of sapphires in Madagascar five years ago has brought in its wake a frantic scramble for the precious stones. But there are concerns that the industry has had ...

Madagascar's sapphire belt is thought to be the largest in the world but there is little regulation and the money ends up in unscrupulous hands. Home. News. Sport. ... "The children are very small and ...

ARCHAEOLOGISTS have uncovered a 300-year-old shipwreck laden with treasure worth up to £101 million. The ship - believed to ...

A ‘sapphire rush’ has sent at least 45,000 miners into Madagascar’s protected rainforests. ... The discovery of precious stones has led to rapid development in a number of parts of the country.

Madagascar plans to increase its royalties on nickel, cobalt, precious metals, and gemstones to 4% from 2% at present, a draft mining law showed on Tuesday, the latest African country to push for ...

Mining royalties would rise to 8% from 2% for raw precious stones. Rough industrial stones would attract a 6% royalty rate while cut industrial stones would be taxed at 3%.