Angolans inspect first diamonds polished in Botswana

Under a recently inked deal, Safdico has secured the rights to cut and polish up to 60% of Lulo Mine’s annual production. The deal is significant as it marks the first time a diamond cutting and trading firm outside the De Beers group, secures supply from outside the country.

Angola, viewed as one of Africa’s rising locations for diamond exploration, only recently allowed its mines to find their own markets for polishing and trading and the Safdico deal underlines Botswana’s push to be the centre of diamond activities in Africa.