Among semi-precious stones found in Malawi are Aquamarine, Amethyst, and Tourmaline while precious varieties include rubies and sapphires. Minerals include Uranium, strontianite, Phosphate, Iron Sulphides, Gypsum, Coal, Limestone, Basnaesite, Pyroclore, Bauxite, Titanium sands, Kyanite, Graphite, Corundum among others. These are found in substantial quantities in most parts of Malawi. 

An opportunity exists to invest in mining and processing of these minerals. Other attractive opportunities also exist in a gems and jewelry plant with the proposed objective of buying, processing and selling locally found gemstones on international markets, as well as manufacturing jewelry items. 

Some study reports recommended installation of multi purpose equipment in areas of high concentration of the minerals involved in polishing, and cutting of the stones for access by small-scale miners. This could boost production of gemstones.