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OtherAug 11, 2016
Tanzanite Foundation to restructure
The Tanzanite Foundation recently announced that it would undergo a structural and operational reorganization effective this month to better align the nonprofit with the global tanzanite market and sightholder expectations.
Dar es Salaam, Tanzania--The Tanzanite Foundation recently announced that it would undergo a structural and operational reorganization effective this month to better align the nonprofit with the global tanzanite market and sightholder expectations.
The organization said in a statement that after consulting with the industry, the “future direction and resource allocation for the Tanzanite Foundation’s education, promotion, and information distribution programs has been established” to offer the best services that meet the needs of the market.
Additional details about what this might include were not available at press time.
The Corporate Social Responsibility projects in Tanzania will remain under the management of TanzaniteOne Mining Limited, and the group will look to add new projects as well as the opportunity arises.
As part of the reorganization, the foundation closed its New York office at the end of August. In a statement announcing the restructuring, the foundation thanked its long-time employee and executive director Hayley Henning for her services to promote tanzanite in the U.S. market.
In an interview with National Jeweler last month, Henning said the closure of the office would not affect the supply of the gemstone in the American market.
Established in 2003 by Tanzanite One, the Tanzanite Foundation has provided education about the stone and helped the lives of many people in Tanzania through its community outreach, including through the Masai Ladies’ Jewellery Project, a local orphanage, a primary school and a medical center.
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