mmegi

The missing step to the downstream diamond dream

Pressing on: Masisi has made his goals for the country’s diamonds very clear PIC: MORERI SEJAKGOMO
Pressing on: Masisi has made his goals for the country’s diamonds very clear PIC: MORERI SEJAKGOMO

The global diamond jewellery industry generated values of about $85 billion in 2021, dwarfing the $15 billion shared by the various countries that actually dig for the shiny stones. As the debate continues on how Botswana can get a foothold in the downstream riches, a 150-year French school may hold some of the answers. Staff Writer, MBONGENI MGUNI reports

“I was in Paris, looking at Louis Vuitton’s holding company with its leader.

“That company exceeds De Beers by 100 and it exceeds Anglo America five times, in terms of size. It’s huge.

Editor's Comment
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

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