Category: Diamonds

In a remarkable display of pride and confidence, the Managing Director of Debswana, the world’s leading diamond producer by value, highlighted the company’s exceptional accomplishments during the ongoing US-Africa Business Summit. Andrew Motsomi took the opportunity to underscore the remarkable contributions that Debswana has made to the economy of Botswana and its transformation from being one of the world’s poorest nations to an upper middle-income economy. “We produce between 22 to 24 million carats per

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The recent agreement signed between the government and De Beers, the renowned diamond mining company, has been widely regarded as a significant milestone for the country. This deal promises to bring additional revenue, technological advancements, and employment opportunities, offering numerous benefits to the nation. During a press conference held in Gaborone, Minister of Minerals and Energy, Mr Lefoko Moagi, highlighted the key aspects of the new Sales Agreement. According to the agreement, the Okavango Diamond

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Lucapa Diamond Company has announced that its MD and CEO, Stephen Wetherall, will step down at the end of this month. The board has resolved that Nick Selby, appointed as Executive Director Operations in September 2017, will be appointed as Interim CEO on Wetherall’s exit, and continue in the role while an executive search for a new CEO and MD is undertaken. Selby’s material terms of employment will be unchanged from those disclosed in the

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As part of the recently agreed deal between Botswana Government and De Beers Group, the diamond mining giant will continue to support Botswana’s diamond beneficiation efforts. The company will partner with one of its sightholders to set up a state of the art jewellery manufacturing facility in Botswana. De Beers Executive Vice President – Diamond Trading Paul Rowley said on Tuesday July 4th that the facility will initially create 200-250 jobs and it will deal

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De Beers plans to partner with the Botswana government on exceptional diamonds under the parties’ new sales deal, enabling the country to derive more benefit from its priciest stones. The contract calls for opportunities to share an interest in the final polished revenue, said Paul Rowley, De Beers’ executive vice president for diamond trading, in an interview. These would be investments, meaning that Botswana would also take on risk, Rowley pointed out. “We all know that

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Gem Diamonds has unearthed a 163.91-carat rough from its Letšeng mine in Lesotho, its second 100-carat-plus stone this year. The miner discovered the “impressive” yellow diamond on June 22, it said Monday. The company found a 122-carat, “exceptional quality,” D-color, type IIa rough at Letšeng in March. Letšeng had previously been known for producing a large supply of rough diamonds over 100 carats. However, the number of stones in that category has been dwindling. Last year, the company

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