De Beers Begins Diamond Aggregation In Gaborone

Mineweb reported De Beers Group started diamond aggregation in Gaborone Tuesday approximately two months ahead of schedule.

As quoted in the market news:

The milestone is part of the sales agreement between De Beers and Botswana, and marks the delivery of the first phase of the migration of De Beers’ sales activities to Botswana.

The process of aggregation, which involves the mixing of like-for-like diamonds from De Beers’ global production, is an integral part of De Beers’ business.  It provides Sightholders with  supply consistency to enable them to  plan their  downstream  business and commit to long-term investments in producing countries such as Botswana. Until this week, aggregation had taken place in London for nearly 80 years.

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