HB Antwerp plans expansion after gov’t deal

New beginnings: The first couple led dignitaries in a tour of HB Botswana’s facility on Monday morning 
PIC: HB ANTWERP
New beginnings: The first couple led dignitaries in a tour of HB Botswana’s facility on Monday morning PIC: HB ANTWERP

Belgian diamond trader, HB Antwerp, which recently received an equity boost from government, has secured a 20,000 square-metre plot in the Innovation Hub from where it says it plans to expand its activities in the country by more than 10 times in the next few years.

HB Antwerp, a three-year-old firm that focuses on applying high technology to extract the best value from the diamond ecosystem, opened a state-of-the-art facility at the Diamond Technology Park on Monday.

Last November, the firm leveraged its technology, which includes robotics, to secure a ten-year deal with Lucara last year under which stones from Karowe bigger than 10.8 carats are sold to HB Antwerp at prices based on the estimated polished values, rather than the industry standard where traders purchase based on rough values.


Editor's Comment
Mind your health

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