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.
When claims of such gravity are made, especially by a sitting Assistant Minister they cannot be brushed aside, delayed, or treated as routine political noise. Even the Ombudsman has confirmed receipt of a report from a political party and a review of these complaints is now underway. That is a necessary first step. But it is only the beginning. The seriousness of the allegations demands urgency, transparency and clarity. The public is entitled to...