DTC sightholders perturbed as market opens up
Players in the diamond cutting and polishing industry are reportedly treading with caution following Government’s award of mining licences allowing two new diamond mines to market their produce on the open market.
The 16 diamond cutting and polishing firms are Diamond Trading Company Botswana (DTCB) sightholders with exclusive rights to all production from Debswana. However, the entry of production from Firestone’s BK 11 Mine near Orapa and forthcoming supply from African Diamonds AK6 has unruffled monopoly feathers. Sightholders who spoke to BusinessWeek on condition of anonymity this week said while there was high interest in the industry to tap into [continue reading]