Industry Welcomes Proposed Parallel Diamond Trading Channel

Speaking at the annual Botswana Resource Sector Conference held at the GICC last week, the head the Botswana Diamond Hub, Dr Akolang Tombale, said the parallel platform would have of two objectives - to liberalise diamond price discovery and to have an inputs to the current sightholder system of De Beers' Diamond Trading Company (DTC).

"We are going to have a parallel trading arrangement because we want to attract traders and independent diamond producers," Tomabale said. "Botswana diamonds should be a catalyst. I believe De Beers has also come around.