Shrenuj engages De Beers over sight suspension

Friday, December 02, 2016

Looking to bounce back: Over 300 workers were recently retrenched by Shrenuj

Diamond cutting and polishing firm, Shrenuj says it is in talks with De Beers to lift the suspension of its allocation (sight) with an aim to resume normal operations in Botswana next year.

The company has frozen local operations after its business was affected by headwinds at its head office in India, which resulted in De Beers suspending its international and local allocation of diamonds.

In Botswana, Shrenuj scaled down operations and terminated employment for all its 340 workers at its cutting and polishing as well as its jewellery factories.

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