De Beers opens Tracr to broader industry
Monday, June 05, 2023 | 730 Views |
![Side by side-Cook says De Beers is proud of its partners in producer countries and the broader industry PIC: MBONGENI MGUNI](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/06/05/75628.jpg&w=800&q=72&f=jpg&t=1)
Side by side-Cook says De Beers is proud of its partners in producer countries and the broader industry PIC: MBONGENI MGUNI
Tracr, a blockchain-powered tech platform providing for the traceability of De Beers’ diamonds from mine to shelf, was initially launched in 2018, before being expanded to scale last May, as Western nations imposed sanctions and other restrictions on Russia for its invasion of Ukraine.
Russia is the world’s largest producer of diamonds by value, while De Beers, powered by Botswana, is second. By May last year, De Beers had registered one-quarter of its production by value on Tracr and briefing stakeholders here on Friday, the group’s CEO, Al Cook, said the figure had risen to half.
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...