Economy
Production and the intense trade in precious stones is the reason the "Brazil Gem Show" takes place in the local authority every year: an event that consists of the commerce of precious stones with Brazilians and foreign visitors
Governador Valadares is the biggest city and commercial center of the Eastern region of the state of Minas Gerais, having several cities in his area of influence, such as Teófilo Otoni and Caratinga. At present, Governador Valadares is growing in industrial development, due to its strategic position, human resources and international reputation.
It is a trade and industrial center. Sawmills and food-processing plants are in the city, and mica and beryl are mined in the area. Governador Valadares is one of the most famous gem-trading centres in Brazil. Gem minerals include amethyst, chrysoberyl, brazilianite, topaz and quartz. The Golconda mine, one of the oldest in the city, attracts the curiosity of tourists and stone collectors from all over the world.
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Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
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