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
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

Have a Story? Send Us a tip
arrow up