Talks to cushion diamond cutters reach business end


Government will today be locked in the final round of crunch talks with De Beers and representatives of the Botswana Diamonds Manufacturers Association (BDMA) aimed at crafting measures to save job losses in the cutting and polishing industry.

Due to depressed polished prices set against high rough prices, cutting and polishing companies globally, are facing difficulties with the local industry’s situation exacerbated by the comparatively higher labour costs.

In an interview with BusinessWeek yesterday, Coordinator of relocation & opportunities at the Diamond Hub, Mmetla Masire said while the major forces affecting the industry were external global factors, collective efforts to find local solutions are being pursued. A high level meeting between representatives from De Beers, Diamond Hub and manufacturers is scheduled for today. The meeting is expected to be the final round of negotiations, which began in February, between the three parties.

Editor's Comment
Something ought to be done about deadly A3 Road

The accident which happened near Marapong village comes after yet another horrific accident which claimed 16 lives in July last year near Hubona. These stats don’t include other accidents where fatalities were not as many as the two.While several factors may have contributed to the two accidents and many others, many believe the biggest with that road is the bad state that the road is in. Unconfirmed reports in the most recent accident state...

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