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Traceability, transparency and technology in diamonds

From mine to mistress: Rough diamond traceability and transparency are increasingly demanded by consumers PIC: MORERI SEJAKGOMO
From mine to mistress: Rough diamond traceability and transparency are increasingly demanded by consumers PIC: MORERI SEJAKGOMO

We live in a time when the historical role of the diamond bourses is being questioned.

Today, at the touch of a mouse or a mobile screen a whole business environment opens to all of us, with billions of dollars’ worth of merchandise on offer. Modern technology even enables us to inspect the stones online.

But the bourses remain relevant. In places like Mumbai and Surat or Tel Aviv, the importance of the traditional trading floor and the many offices cannot be overestimated. Even when the virtual environment has achieved dominance over the physical, the bourse’s leadership and authority remain essential worldwide.

Editor's Comment
Our digital safety is in our hands

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...

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