In an interesting development, several Indian diamond processing units have started setting up their production centres in Botswana, with the African nation emerging as the biggest destination outside India for diamantaires to set up their production centres. Around 20 companies, including all the 12 DTC sightholders of Surat, have set up their polishing and manufacturing units in the southern African country.
Why Indian companies are flocking to Botswana
Botswana is an important country for the diamond industry as it mines around 30% of the global diamond supply, with the diamonds mined there being bigger in size than those found in other parts of the world. The African nation is offering several perks to Indian companies for setting up their units, including supplying natural roughs in requisite quantities. In return, Indian companies are bringing capital to Botswana, and also training the local populace and providing employment opportunities to it.
Says diamond baron Govind Dholakia, Founder and Chairman, Shree Ram Krishna Exports, “Moving to Botswana is advantageous to Indian companies as roughs can be procured directly from De Beers and ODC (Okavango Diamond Company). Thus, more quantities of raw material can be obtained without much hassle. Being there also helps us to easily provide all the traceability information that today’s aware customers demand.”
この記事は Diamond World の July - August 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Diamond World の July - August 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Top Jewellery Trends You Can Anticipate This Year
Jewellery trends are not hard and fast - nor do they last for an appreciable period of time. But even so, there are some fads that become popular and show up in online searches as well as actual purchases. Here we take a look at the kind of jewellery that will be popular in the year 2024
PM inaugurates Mega Common Facility Centre at SEEPZ
Prime Minister Narendra Modi recently inaugurated (virtually) the commencement of the Bharat Ratnam Mega Common Facilitation Centre (CFC) in Mumbai’s SEEPZ Special Economic Zone, reiterating the Government’s support to the gem and jewellery sector. CFC is a flagship initiative promoted by the Ministry of Commerce and Industry, the Gem and Jewellery Export Promotion Council (GJEPC) of India, and the SEEPZ SEZ authority to drive exports.
Fabergé Celebrates 'The Year of the Dragon' with Game of Thrones-Inspired High Jewellery Collection
Fabergé, in partnership with Warner Bros. Discovery Global Consumer Products, celebrated the Lunar New Year, Year of the Dragon, with a dazzling high jewellery collection, ‘Chapter One: Dragon’, inspired by the HBO series Game of Thrones. Continuing its collaboration with WBDGCP, the Fabergé x Game of Thrones High Jewellery collection has been developed in partnership with Michele Clapton, the Emmy® and BAFTA® winning Costume Designer for Game of Thrones. These high jewellery creations are pieces of history in the making, set to delight fans, fusing Fabergé’s artistic ingenuity with the fantastical world of one of the most popular television shows.
Rio Tinto Dazzles in Europe with its Finest Pink, Red and Yellow Diamonds
Rio Tinto’s inaugural Beyond Rare Tender collection of rare pink, red, and yellow diamonds was showcased to an exclusive group of international connoisseurs, collectors, and luxury jewellers in Geneva and Antwerp.
Christie's Asia Luxury Sales Record $277 mn in 2023
In 2023, Christie’s Asia luxury sales reached a running total of US$277 million.
Surge in Rough Diamond Imports Persists Despite Supply Freeze in India
Despite a temporary halt in imports to address inventory concerns, India experienced a surge in rough diamond imports during October.
Leadership Shift at De Beers: Prager and Perry Depart, Tom Johnson Appointed General Counsel
De Beers Group announced that David Prager, Executive Vice President and Chief Brand Officer, and Ryan Perry, Acting Executive Vice President of Strategy & Innovation, have decided to leave De Beers in 2024.
De Beers, Botswana Government Spotlight Sustainable Development at Diamond Summit
Exploring the theme “Sustainability: People, Product and Planet”, the Natural Diamond Summit brought together leaders from Botswana’s government, its diamond sector and the wider international diamond industry to discuss the critical role natural diamonds play in driving sustainable development for producer countries. It also sought to deliver a call to action to the industry to unite on sustainability priorities for shared benefits.
UAE Commences Chairmanship of UN's Kimberley Process for 2024, Pledging a 'Year of Delivery'
The United Arab Emirates (UAE) has officially commenced its chairmanship of the Kimberley Process (KP), a crucial United Nations initiative aimed at preventing conflict diamonds from entering the mainstream rough diamond market. Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, has taken on the role of Chair of the Kimberley Process for the second time, following the UAE’s chairmanship in 2016.
Sarine Tech announces initial delivery of Sarine Auto Scan Plus
Singapore Exchange Mainboard (SGX) and Tel-Aviv (TASE)-listed Sarine Technologies Ltd, a worldwide leader in the development, manufacturing, marketing and sale of precision technology products for the evaluation, planning, processing, measurement, grading and trading of diamonds and gems, has announced growing demand from rough miners and wholesalers, and the initial delivery of the highly efficient and productive rough diamond parcels registration system, Sarine AutoScan™ Plus, serving as the gateway to the Sarine Diamond Journey™ traceability programme.