Luanda Accord: Bold new step for natural diamonds
Friday, June 27, 2025 | 590 Views |
Done deal: Minerals and Energy minister, Bogolo Kenewendo, joined other diamond industry players for the landmark agreement in Luanda, Angola
The natural diamond industry is mounting the largest marketing campaign in more than a decade.
Last year the industry agreed to reignite “category marketing” which involves diamond producers, retail jewellers and countries, linking up to promote natural diamonds. Natural diamond industry leaders acknowledge that over the decades, individual companies instead prioritised marketing their specific brands or products, a focus that left the industry open to synthetics and other non-diamond jewellery.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...