New diamond cutting firm opens shop

Mokaila with the De Beers and KGK officials at the launch of the diamond company
Mokaila with the De Beers and KGK officials at the launch of the diamond company

Indian diamond cutting and polishing firm, KGK Diamonds officially opened shop in Gaborone last week, marking a refreshing shot in the arm for an industry bruised by the ongoing turmoil in the international commodities markets.

With a staff compliment of 90, KGK will cut and polish diamonds worth an average $1.5 million every month.

Officially opening KGK’s factory, which is situated at Gaborone’s Diamond Technology Park, the Minister of Minerals, Energy and Water Resources, Kitso Mokaila said the opening of the factory bears testimony of the strong long-term fundamentals of the diamond industry.

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...

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