Mmegi

ODC, GIA sign up as Tracr expands

Same page: President Boko led the Botswana delegation to Las Vegas and New York. In the picture he greets Masire, while on the right is Motsomi PIC: BWGOVERNMENT FACEBOOK
Same page: President Boko led the Botswana delegation to Las Vegas and New York. In the picture he greets Masire, while on the right is Motsomi PIC: BWGOVERNMENT FACEBOOK

The Okavango Diamond Company (ODC) has signed onto De Beers’ traceability blockchain platform, Tracr, whilst the Gemological Institute of America (GIA) has joined the platform as an equity partner, both major leaps for natural diamonds and their recovery.

The global natural diamond industry met in Las Vegas and New York last week, with players agreeing that provenance as well as highlighting the ethical, sustainable, and developmental role of natural diamonds, is key to their recovery from a nearly three-year slump.

By providing “immutable” traceability and provenance, retail customers can be assured and independently confirm that the sources of the diamonds they buy employ ethical and sustainable practices that do developmental good for citizens.

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Editor's Comment
Prudence must remain Botswana’s North star

These are not ordinary times. Yet, history reminds us that this nation has navigated difficult waters before and did so by clinging firmly to the principles of prudence and macroeconomic stability. From independence in 1966, Botswana chose a path few resource-rich countries managed to sustain. Diamond revenues were not treated as windfalls for reckless expansion, but as capital to be managed with caution. The establishment of fiscal rules,...

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