Traceability, transparency and technology in diamonds
Tuesday, April 11, 2023 | 580 Views |
From mine to mistress: Rough diamond traceability and transparency are increasingly demanded by consumers PIC: MORERI SEJAKGOMO
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.
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...