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

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com

Rise in gold stocks propels TSXV Mining

August 25, 2025 / www.canadianminingreport.com

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok