Industry News by Nemesis

Botswana Courts Surat Diamond Manufacturers

June 26, 2019

Botswana, which is the second largest diamond producer in the world after Russia, has invited Surat diamond manufacturers to scout for business opportunities in the country.  


Indian Express reports that a delegation from Botswana convened a meeting with more than 100 diamond traders and manufacturers at the Surat Diamond Association office in Varachha on Tuesday where they extended the invitation. 


“Our government is ready to supply rough diamonds. Land for diamond factories will be provided at nominal rates,” said Botswana’s director and head international business, Gemma Megabolave. 


She said that the Indian diamond merchants will be ensured a safe and secure environment. 
Botswana had been leading its peers in Africa on beneficiation.   


It established what it called the Diamond Hub in Gaborone to promote diamond beneficiation.   
This move was also boosted when the country signed a deal with De Beers that saw it receiving 10 percent of Debswana’s production in 2011, rising to 15 percent in 2016.   


However, diamond cutting and polishing companies in the country had been grappling with high operational costs.   


The country was said to have 20 cutting-and-polishing factories in 2015 and were at the time processing $1-billion worth of diamonds a year. 

 

Source: Rough&Polished

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