Upcoming B2B Gems & Jewellery Exhibition- 19th - 20th - 21st January 2019. Bangalore.

Botswana diamonds are safe from Brexit!

2016-08-07


Head of operations at Diamond Trading Company Botswana (DTCB) Mr Joseph Ikotlhaeng said major market for Botswana diamonds isUnited States of America, Japan, India and China.Mr Ikotlhaeng said the USA represents 40 per cent of the world market while Belgium is the only important European market.

DTCB operations were relocated to Gaborone in 2008, and the opening of De Beers Global Sightholder Sales (DBGSS) in the country has seen the diamond pipeline activities done in Botswana.Although the diamond demand has slowed, Mr Ikotlhaeng said the prices remained favourable.

De Beers also said the UK represents only a very small share of global diamond jewellery demand, so the direct impact of Brexit is likely to be relatively insignificant. The divorce between the UK and European Union, called Brexit, would not have an impact on diamond market!