Diamond De Beers is moving from London to Botswana

Global mining giant De Beers, has recently announced they will be moving their sales business from London to Gaborone, Botswana. This means that the once dusty area of Gaborone will soon be a hub of world wide diamond trading with $6bn of diamond trades happening here. The world’s diamond pipeline will soon be running right through the center of town. Highr rises and amenities are already springing-up-rapidly as diamond traders plan for the relocation, and not only those involved in diamond trading are seeing an increase in profits and business growth due to this economic boost to Gaborone.

Diamond Mining in Botswana
Botswana has always been involved in diamonds as a mining area. However, the days of involvement ending at mining and sourcing only rough-diamonds are coming to an end, and quickly. Botswana will soon be involved in refining and manufacture of diamonds and diamond jewelry. A new diamond park has already been built and dozens of people, mostly women, spend their days at workstations where they use magnifying glasses and tools to smooth, shape and carve pieces of metals-and-stone into beautiful jewelry items.

Economic Growth
Other amenities in town are increasing to keep up with the new business. Car rentals, restaurants and cafes, and airport shuttles are among the top growing-industries in Gaborone right now as a result of the diamond trade boom. However, even with the growth and development of the area and the dedication and energy people are putting into the shift to being a diamond-trading hub, there are a few issues with the country that will need to be addressed.

Gaborone is not London. Not many roads are paved; there are no direct flights to Gabrone from the United States or anywhere-in-Europe which means longer and less convenient travel for traders. Restaurants and cafes close very early here, and versatility of food, such as for those with kosher needs, is limited. However, the general sense of optimism is strong here as locals realize how important this new industry is to the economy of the country. While there is a lot of work to be done to get Gaborone up to standards and suited with appropriate amenities, and not much time to do it, drastic changes are already being made that are improving-business.

Why You Should Consider Investing in Diamonds From Botswana
If you’re a diamond investor you should consider investing in diamonds from Gaborone. Those who invest early enough could see gains as the diamonds will very likely gradually increase in value. De Beers is making a power move here that has a high probability of success. There are many investment opportunities available, from diamonds to infrastructure, that have potential both in the short term and the long run. With this new move from London to Gaborone, diamond investors could see an increase in diamond accessibility, quality, and variety. As Gaborone evolves into the new diamond trading hub, so will the market for high-quality diamonds throughout the rest of the world.

Michaella Twersky is a freelance writer based in New York City. She is a frequent content provider to Diamond Envy 

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