Controversial officiating saves Chiefs :: Mmegi Online

It has emerged that in the midst of the recession that rocked the diamond industry last year, diamond miner, Debswana dumped a critical P48 million Project they had earlier initiated to undertake, as part of a security feature for Botswana's new diamond sorting and cutting industry.

The government of Botswana had no choice but to shoulder the P48 million burden, at the insistence of the Diamond Hub, which had identified the project as one of the five urgent and critical components of the fledgling Botswana diamond industry, as Botswana attempts to position itself as a reputable world diamond centre.

Debswana MD Blackie Marole confirmed in a phone interview yesterday that the project was one of the first to be deferred by his company when they reviewed all their expenses last year following the world economic recession which also hit hard on diamond sales.

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Controversial officiating saves Chiefs

It has emerged that in the midst of the recession that rocked the diamond industry last year, diamond miner, Debswana dumped a critical P48 million Project they had earlier initiated to undertake, as part of a security feature for Botswana's new diamond sorting and cutting industry.

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