Africa: African Diamond Producers Refuse to Support Beneficiation With Mining Revenue

Apr 27, 2015 | Ronen Shnidman, Rapaport
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Africa’s major diamond producing nations expressed unwillingness to compromise government revenue from rough diamond sales to support local manufacturers in the current weak market. "We are not willing to forgo profits from diamond mining activities [to support polished diamond manufacturing]," said Jacob Thamage, the diamond hub coordinator at Botswana's Minerals, Energy and Water Resources Ministry, during a panel discussion at last week’s Dubai Diamond Conference.