Firestone holds 'milestone' inaugural tender

Friday, December 03, 2010

Firestone Diamonds recorded a milestone this week when it became the second local miner in 43 years to produce and market diamonds outside the De Beers' marketing system.

Observers have hailed the achievement as indicative of Botswana's efforts to become a global diamond-producing, processing and marketing hub.

Firestone's efforts are expected to become significantly more successful than DiamonEx's ill-fated auction of 10, 613 carats in October 2008 that sold at a fraction of the price due to the global recession.

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