Botswana’s Diamond Industry in Full Swing

Botswana’s Diamond Industry in Full Swing

After the Country has been producing rough diamonds for an eternity, Botswana’s capital Gaborone has now turned into one of the main diamond trading platform on the world map.

De Beers, one of the leading global mining company in the industry, has relocated its sales headquarters from London to Gaborone, and the local economy is aiming for a $6 Billion diamond trade. There are no doubts that the local and national economies will profit from the new hub’s explosion, hotels and businesses are being built to accommodate the growth.

One of the things which have changed recently in Gaborone is that rough diamonds are being cut, polished and sold on site as well, which traditionally took place in other countries before. Some of the inconveniences are that there are no direct flights to Gaborone from the US or Europe as of yet, and most flights transit in Johannesburg.

Infrastructure certainly takes more time to expand and meet demand in Botswana, but many businesses are adapting to the growth in order to be able to provide such level of service as expected in other diamond cities in Europe such as Antwerp and London.