Botswana strives to be the example for the developing world - The Diamond Trading Company International will be relocating part of it’s rough sorting operations from Europe to Botswana by the middle of next year. This landmark deal is reportedly a condition of the re-signing of the Jwaneng lease. This move ensures the people of Botswana that the economic benefits of diamonds will far outlast the lives of the diamond mines in their native land. The DTC’s aggregation (the mixing of diamonds according to value) activities will create many jobs and further economic growth in Botswana where diamonds are currently a natural resource. What is interesting to note is that aggregate mix will be made of diamonds sourced from many producing countries with the exception of Canada. According to our sources, the DTC will still be sorting rough from Canada in its London offices.
Posted under Beneficiation, Botswana Diamonds, DTC
This post was written by on August 30, 2008
