Sunday, June 16, 2024

Diamond trading platform to be developed in Botswana

Diamond Technology Park (DTP) has committed to develop a diamond trading facility in Botswana.

This is the next step towards Botswana becoming an international trading center for rough and polished diamonds.

The Botswana government, through its dedicated Diamond Hub, is actively promoting Botswana as an international trading hub for diamonds.

DTP has responded by adding state-of-the art trading facilities to its existing infrastructure, complementing the park and its vision of housing the local industry. These facilities will be operational in the second half 2011.

“It seems logical to centralise all diamond activities in one convenient, secure location,” says Rutang Moses, newly appointed Chief Executive Officer of Diamond Technology Park.

DTP anticipates that this project will encourage other African countries to send their diamonds to Botswana for sale to both the local and international communities.

Local producers will also offer goods to the newly established cutting industry, thereby underpinning the viability of the new trading platform.

“The Hub will do whatever it takes to ensure the trading platform is successful. DTP plans address the government’s diamond strategy,” Jacob Thamage, Diamond Hub Coordinator added.

The trading platform will include a state-of-the art tendering facility as well as a host of other diamond related services.

This facility will be operated by an independent contractor.


Read this week's paper