Botswana’s diamond industry is rebounding, says President Masisi

Botswana’s diamond industry is rebounding, says President Masisi

Botswana’s President Mokgweetsi Masisi is optimistic that the country’s diamond industry is on a recovery path in spite of the COVID-19 pandemic which has affected diamond sales globally.

 

“The United States of America, China and Europe have started showing signs of recovery, which gives us hope that by December 2020, the diamond market will stabilise,” said Masisi on Monday while delivering the state of the nation address.

 

He said that government had granted short-term permits to local diamond companies to conduct sales outside the country, as a means of stimulating diamond sales.

 

The president said that the permits would be valid until the end of December 2020.

 

Masisi further highlighted that his government had developed a beneficiation strategy to facilitate citizen participation in the downstream diamond industry.

 

Meanwhile, the president has indicated that the local mining industry is continuing with some of the strategic projects such as Jwaneng Mine Cut 9, Morupule open cast, Khoemacau mine development and Karowe underground diamond mine.

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