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 Teofilo 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