Diamond cutters will ride the wave � Thamage

Thamage
Thamage

Botswana Diamond Hub coordinator, Jacob Thamage, has expressed optimism that the diamond-cutting industry, which is currently experiencing liquidity and profitability pressures, will emerge stronger.

Speaking to Mmegi Business, Thamage said the pressures that local diamond cutters found themselves under, were not specific to Botswana, but were what currently prevails in the global diamond-manufacturing sector.

“While we are in discussions with some of the players in Botswana to find solutions, perhaps some solutions have to come from the global industry. Indeed the industry is concerned as evidenced by some rough diamonds producers recently lowering prices,” he said.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

Have a Story? Send Us a tip
arrow up