Magang decries distressed diamond polishing industry
Friday, September 02, 2016
Speaking at a Botswana Institute of Chartered Accountants (BICA) gala dinner recently, Magang said the industry is experiencing problems that include the cost of production relative to places such as India and China.
“I am told that whilst it costs between $60 (P647.85) and $65 (P701.83) to polish one carat of diamond in Botswana, in India it costs between $12 (P129.60) to $25 (P269.94) and in China it costs between $20 (P215.95) to $30 (P323.92). Also, our productivity levels constitute an own goal,” Magang said.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...