Afrigather Botswana is the most important diamond producer on the earth. However with international development in innovation, President Masisi has referred to as on diamond-producing nations to spend money on expertise to make sure the sustainability of the trade.
The President of Botswana, Dr Mokgweetsi Masisi, has said the necessity for diamond-producing nations to include expertise into the sector to foster sustainability. President Masisi was talking on the FACETS Convention in Gaborone, Botswana. Botswana is the world’s largest diamond producer by worth.
The FACETS Convention was initiated by the Antwerp World Diamond Centre (AWDC) in 2022 to supply a platform for inclusive dialogue between trade gamers from throughout the worth chain to handle challenges and alternatives set to drive the trade sooner or later. Delivering his tackle, Masisi said that diamond-producing nations ought to spend money on analysis and improvement efforts that will minimise the affect of diamond mining on the surroundings.
“From drone-assisted surveying to superior water administration methods, these improvements aren’t simply investments; they’re our dedication to preserving the pure world for generations to return,” he mentioned.
Moreover, to sort out the issue of battle diamonds discovering their means into markets, President Masisi said the necessity to make use of blockchain expertise for diamond tracing. “Blockchain expertise, with its immutable ledger, can present customers with the assure that their diamonds have been ethically sourced,” he added. “Rising applied sciences, equivalent to nanotechnology, [also] maintain promise in diamond processing. Nanodiamonds, tiny diamond particles, have a variety of functions from medical imaging to quantum computing.”
Early this yr, President Masisi’s administration introduced plans to buy a 24% stake in Belgium-headquartered diamond producer HB Antwerp which describes itself as “Antwerp’s savoir-faire with the facility of expertise to create a complete new ecosystem for the pure diamond commerce”. A few of its proprietary technologies embrace an automatic diamond sprucing robotic, a blockchain-based diamond tracker, and a stereo microscope for diamond statement.
