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Botswana to benefit from Russia diamond ban

Monday, January 15, 2024 | 1870 Views |

Following decisions by the Group of seven (G7) countries to ban the entry of Russia sourced diamonds into their countries, international diamond traders predict that it may uptick demand for Botswana diamonds in successive quarters.

This week during a visit to the De Beers, Gina Drosos CEO of Signet Jewelers, an international jewelry trader said that she is hopeful that once the ban is fully instituted will direct the markets eyes to Botswana hopefully sparking up demand for the countries rough diamonds.

“We are one of the companies intentional about the ban of Russia diamonds and we think that it will open pockets of opportunity for Botswana diamonds in the market” she said

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