Sumayar Nagar in Gilgit-Baltistan has gained a central position in international market for supply of variety of gemstones and minerals. There are varieties of precious and semi-precious minerals and gemstones in Sumayar valley, which has the capability to enhance the poor economic condition of the country through international market orientations for gaining foreign exchange. Some of them are as, Peridot, emerald, Aquamarine, Tourmaline, Topaz, Robby, Sapphire, Garnet, Red spinal, Pargasite, Actinolite, Diopside, Epidote, Vesuviante, Axinite, Rodingite, Sphene, Flourite, Azurite, Moonstone, Ametrust, Rose quartz and Agate, etc.Most of gemstones are having large crystals related (pegmatite) such as Aquamarine, Tourmaline, Topaz, Garnet, etc
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Sumayar is well known in the region of Gilgit-Baltistan for its precious stones, in large quantity, in its best quality, unique in size. Many people of the area are the professional businessmen of Gem stones and nearly 50% of the inhabitants of Sumayar are associated with Gems Business and mining. Chumarbakor in Sumayar valley is house of huge deposits of high quality gems, Aquamarine, Quartz, Topaz, Tourmaline, and Garnet. Chumarbakor is world`s heights human working area for gems mining
The mining of gemstones on the common land of Sumayar plays a decisive role for the local livelihoods. About five to six hours walking distance up the steep Mamubarnalla, at an altitude of about 4800m, a variety of gemstones are mined. The semi-precious gemstones present here include Aquamarin, Apatite, Morgnite, Flourite, Tourmaline, Topaz and Quartz. The mining and trade of the stones has brought significant wealth to some families and has had a substantial impact on the economic development of the village since the discovery of the deposits. Almost every household sends at least one male member to the mines during the mining season, which usually lasts from late July to October. At the height of the season, more than 400 men work there. On the way to the mines lies the summer settlement of Sumayar, called Ter. Due to its close proximity just one hour walking distance away from the village’s nucleus, only shepherds herding their animals on the lands lying above it usually stay here overnight.