September 20, 2011

De Beers Moves Sorting and Sales of Diamonds to Botswana

An article in the Wall Street Journal caught our eye over the weekend, as it focused on a trend we have been noticing with increasing regularity across Africa.  The article, “De Beers to Deal in Botswana” (link) highlights the recent move by diamond powerhouse De Beers to move its rough diamond sales and sorting activity from its current location in London to the capital of Botswana by the end of 2013.  This move demonstrates a trend we highlighted in an earlier article (found here) about the potential for Africa’s industries to move up the production value chain, thereby creating more and better jobs in value-add industries.   

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