While De Beers, gov’t negotiate, new threats emerge
Tuesday, June 27, 2023 | 4160 Views |
It would have been natural to assume that the 30,000-plus diamond industry professionals who gathered in Las Vegas, USA for the annual JCK Show recently, would have, uppermost in their minds, the ongoing talks and tensions between government and De Beers on a new deal.
After all, as has been repeatedly pointed out, the 54-year old deal between the two partners is the diamond industry’s single most important covenant, each year producing the world’s highest production of rough diamonds by value.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...