Businessweek

Richland Resources Ltd, together with its subsidiaries, engages in the mining, distributing, and selling tanzanite, a precious stone in Tanzania and internationally. The company also has interests in various tsavorite deposits in Africa, as well as an option to acquire a sapphire prospect in Australia. In addition, it conducts outside buying, operates beneficiation facilities, manages tanzanite grading and certification, and markets rough and polished tanzanite, as well as purchases and resells cut and polished tanzanite and jewelry; and explores for other colored gemstones. The company was formerly known as Tanzanite One Limited and changed its name to Richland Resources Ltd in August 2011. Richland Resources Ltd was incorporated in 2004 and is based in Hamilton, Bermuda.