Diamond cutting, polishing firms seek gov’t help
Friday, February 16, 2024 | 2960 Views |
By the last count, the country had 48 diamond cutting and polishing firms, most of which are clients of De Beers from whom they are under contract to purchase rough diamonds in 10 sales events each year.
However, with diamond prices and demand slumping to pre-COVID lows last year, the firms have found themselves stuck with costly inventory, unable to offload it to the retail market, while under pressure from overheads, including bank credit.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...