De Beers rallies local banks to support the midstream

De Beers’ executives recently held a diamond masterclass attended by high level officials from the country’s commercial banks, in an effort to sensitise them about the industry and the role played by financiers in better positioning Botswana globally.

The number of cutting and polishing firms in the country, who represent the diamond industry’s midstream, grew to 48 at the end of last year, from 21 in 2020 and less than five about 10 years ago.