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
Watch your tongue Mr President

While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...

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