Diamond market 'verification' gathers pace

Government is currently in the process of recruiting top management personnel for the rough diamond trading company that will be established soon, setting the ball in motion for independently verifying the diamond market movements.

The company, which will be selling 10 percent of the Debswana run on mine production directly to the market, is expected to be operated with the assistance of a technical partner and reports are that ,more than ten international companies have already expressed interest to partner with government.

The 10 percent "verification window" is part of the ten year diamond market and sales agreement government recently signed with De Beers, which will see the decades old tradition of selling all of Botswana diamonds through the Diamond Trading company falling aside.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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