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.
“Betrayal hurts, but knowingwho was betraying hurts even more.”- Garima SoniWhat the men of Ditlharapa, Molete and neighbouring villages uncovered is a cross-border enterprise. The modus operandi, as the suspect himself reportedly confessed, is industrial: groups operating in multiple villages, fences cut with impunity, stolen goats walked into South Africa, warehoused at Makhubung, then sold in batches of 200 to a commercial farmer in...