Suashish closes jewellery plant

Friday, July 20, 2012

*Fate of workers still unclear
Suashish has mothballed its diamond jewellery manufacturing plant in Botswana, less than a year after starting operations, citing unattainable raw material costs.

The global diamond and diamond jewellery manufacturing and exporting company opened the plant eight months ago to become the second Diamond Trading Company Botswana (DTCB) sightholder, after Shrenuj Botswana, to further beneficiate the precious stones locally.

In an interview with Business Week, Diamond Hub coordinator Jacob Thamage, confirmed the closure of the plant whose establishment last year was the hallmark of diamond downstream beneficiation, employing forty people.

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Suashish closes jewellery plant

*Fate of workers still unclear
Suashish has mothballed its diamond jewellery manufacturing plant in Botswana, less than a year after starting operations, citing unattainable raw material costs.

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Exercise extra caution!

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Suashish closes jewellery plant

*Fate of workers still unclearSuashish has mothballed its diamond jewellery manufacturing plant in Botswana, less than a year after starting operations, citing unattainable raw material costs.

*Fate of workers still unclear
Suashish has mothballed its diamond jewellery manufacturing plant in Botswana, less than a year after starting operations, citing unattainable raw material costs.