Gaborone — Botswana’s diamond trade is on the rise despite industry uncertainty over efforts to sanction Russian stones. De Beers has relocated its auctions headquarters from Singapore to Botswana, while the secretariat of the Kimberley Process, a trade regime that certifies rough diamond exports to eliminate trade in conflict gems, also moved to the African nation.
De Beers, which has a long-standing sales agreement with Botswana, sells 10 percent of its diamonds through auctions.
De Beers’…
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