Mmegi

Hopeful start to key diamond selling season

Real deal: Minerals and Energy minister, Bogolo Kenewendo, admires a local diamond during a visit to the Gemological Institute of America’s local branch recently 
PIC: MBONGENI MGUNI
Real deal: Minerals and Energy minister, Bogolo Kenewendo, admires a local diamond during a visit to the Gemological Institute of America’s local branch recently PIC: MBONGENI MGUNI

Positive signals are emerging as the diamond industry’s peak retail season picks up, with a survey of jewellers indicating that 61% were selling more natural diamonds than lab-grown.

Traditionally, the diamond industry records its highest sales each year between Thanksgiving in the United States and the Chinese New Year, as couples get engaged, married and people exchange gifts over the festive period.

The US accounts for more than 50% of annual natural diamond jewellery sales, whilst China was recently surpassed as the second biggest market for the stones by India.

Editor's Comment
DIS must correct costly stalemate

More than P8.1 million has already been spent, yet there appears to be no lasting solution in sight. This is not simply a dispute between the DIS and a group of officers. It is a matter of public accountability. Every pula spent by government comes from taxpayers who expect public funds to be used wisely and responsibly, especially during economic hardships faced by many.The officers exercised their constitutional right to seek justice through...

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