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De Beers, Botswana Summit on natural diamond sustainability

Leaders of the diamond industry converged in Gaborone, Botswana on 13th November to attend the 2023 annual Natural Diamond Summit, hosted by De Beers Group in partnership with Botswana’s Ministry of Minerals and Energy.

Exploring the theme Sustainability: People, Product and Planet, the summit brings together leaders from Botswana’s Government, the country’s diamond sector and the wider international diamond industry to discuss the critical role natural diamonds play in driving sustainable development for producer countries. It also seeks to deliver a call to action for the industry to unite on sustainability priorities for shared benefit.

The Natural Diamond Summit runs until 15th November. It includes panel discussions with industry leaders as well as tours for delegates to experience Botswana’s diamond sector first-hand, including visits to cutting and polishing factories and the world’s most valuable diamond mine, Jwaneng. Delegates will also have the opportunity to visit conservation sites managed by De Beers and some of Botswana’s world-class tourism destinations.

Delivering the keynote address, His Excellency, Dr Mokgweetsi Eric Keabetswe Masisi, President of the Republic of Botswana, noted that in a world of evolving consumer attitudes, current challenging trading conditions and the ever-changing complexities of diamond recovery, sustainability was the critical point of congruence for the diamond industry.

“De Beers Group CEO, Al Cook, in his welcome remarks, addressed the macroeconomic landscape and how it was affecting the industry while expressing his optimism for the future of natural diamonds given the sector’s strong foundations. Such foundations included favourable long-term supply and demand dynamics underpinned by rising middle classes in China and India, Botswana’s focus on building a knowledge-based economy to support innovation and productivity in diamonds that will be felt across the entire industry, and the transformative new partnership between Botswana and De Beers that provides long term stability for the industry, while being a catalyst for socioeconomic transformation within Botswana.

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