Botswana Must Not Produce or Sell Synthetic Diamonds

By John Jeffay / July 23, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Botswana must avoid all involvement with "synthetic diamonds" to protect its most valuable natural resource, said a government minister.

Mmetla Masire told a parliamentary committee that engaging in their production or sale would compromise the value of its mined gems.

Botswana is the world's second biggest diamond producing nation after Russia, and diamonds account for 70 per cent of its exports by value. 

It has four mines, operated by Debswana, equally owned by De Beers and the Botswana government, and is home to De Beers Sights.

Mr Masire, permanent secretary at the ministry of minerals, energy resources and water affairs, said: "Let's not compromise our diamonds. If we start production of synthetic diamonds or any association with them we will be compromising the value of our diamonds," according to a report on Botswana's The Voice news website.

He was adamant that synthetic diamonds would seriously impact on the value of Botswana's mined diamonds and send confusing message to its customers.

Mmetla Masire pictured in a TV screen grab

Recent News

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok