Masisi worried about growth of lab-grown diamonds
Monday, October 30, 2023 | 360 Views |
Masisi PIC: KENNEDY RAMOKONE
Masisi, whose country Botswana produces gem quality stones, added the synthetics have rapidly gained ground in the market posing both challenges and opportunities for the industry.
“At first glance, the rise of LGDs may seem like a formidable challenge to the natural industry. However, the key to maintaining a thriving market for natural diamonds lies in effective segmentation and marketing,” he told a Facets conference held in Gaborone last week.
Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...