De Beers criticises State Diamond Trader

DAVID Noko, who steps down as MD of De Beers Consolidated Mines (DBCM) at the end of March, says the State Diamond Trader (SDT) needs to be fixed.

Asked about widespread diamond industry dissatisfaction with the SDT Noko told Miningmx, "that area is a mess. It needs to be fixed and I believe government is committed to fixing it. This is a temporary setback."

The SDT was set up by government in 2007 with major support from De Beers and the Industrial Development Corporation (IDC). It aimed to increase the supply of rough diamonds to local polishers and cutters.

Editor's Comment
Boko should stop the fighting and start the delivering

With his theme of 'Delivering on Our Promise, One Step at a Time', he sought to project an image of a focused, determined leader building a new ‘Rome’. Sadly, parts of his speech were not about laying bricks, but about settling old scores.It is deeply worrying that a head of government would use such a pivotal national address to launch another bitter broadside against the media and his political detractors. His portrayal of the...

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