‘Lost’ Lerala diamonds finally back in local hands

In the works: Lerala Mine closed in May 2017 and the fate of its last parcel of diamonds has been a tensely fought affair since then
In the works: Lerala Mine closed in May 2017 and the fate of its last parcel of diamonds has been a tensely fought affair since then

A parcel of 53,000 carats in rough diamonds from the Lerala Mine that was spirited away to Belgium by the former owner a day before closing the plant in 2017, is finally under local control after six years of complicated court cases, BusinessWeek can reveal.

Local authorities secured a key legal victory in Brussels recently and have the stones under their control, a situation that will bring finality to the saga at Lerala where creditors had filed claims worth P30 million.

“The diamonds are still in Belgium but in the hands of people engaged by Botswana who have just started the process for selling the stones,” Minerals and Energy ministry officials told BusinessWeek.

Editor's Comment
Mind your health

They've repeatedly warned that hypertension, or high blood pressure, often termed a chronic lifestyle disease, is a silent killer. It's crucial for everyone to be aware of their health status. Nowadays, many companies host wellness days, offering free disease screenings to employees!Unfortunately, even with such services, some choose not to take advantage of the opportunity.The Dutch Reformed Church in Botswana recently organised a...

Have a Story? Send Us a tip
arrow up