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
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

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