Natural diamonds score key victory over synthetics in the UK
Friday, April 12, 2024 | 570 Views |
The NDC is an industry group comprising the world’s rough diamond producers, which is committed to “inspiring and educating consumers on the values of natural diamonds and the positive global impact of the industry”. Members include De Beers and the Okavango Diamond Company, government’s wholly-owned diamond trading firm.
On Wednesday, executives from the New York-based group said the UK’s Advertising Standards Authority (ASA) had upheld a complaint the Council filed against misleading terminology from four UK retailers.
The Francistown Umbrella Informal Sector chairperson, David Mbulawa, has highlighted this growing concern, revealing that many local traders are using their licences to facilitate the entry of foreign goods into the market at a fee.Fronting undermines the very fabric of our local economy. It allows foreign traders to exploit the system designed to benefit Batswana, using local licences to cross borders and sell goods at prices intended for local...