Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

Debswana launches 2024 strategy in response to challenging business environment

17 march 2020

Debswana, a 50/50 joint venture between De Beers and the Botswana government, has launched its 2024 strategy, which is as a bold response to the current challenging business landscape.
Debswana acting managing director Lynette Armstrong was quoted as saying that the company’s vision was, among other things, to transform and transition through bold technology-led innovation, inspired collaborative and passionate purpose-driven people. 

Image credit: Debswana

“We are seeing exponential technology developments, where the world is changing rapidly, therefore our organisational structure, our set up…must be fast, agile, and creative as this complex world changes,” she said.
“Our profit margins are under pressure from increasing operating costs as well as critical large scale mine-life extension projects.
“We are therefore entering a new horizon of complexity. This gives us all an opportunity to create a new Debswana.”
The strategy, dubbed “Debswana 2024, one dream, one team” was launched to over 5,500 staff complement across the three company sites, namely Debswana Corporate Centre (DCC), Orapa, Jwaneng as well as Letlhakane and Damtshaa Mines (OLDM). 
The 2024 five strategic pillars include safety, environment and communities; people transformation; data and technical innovation; Debswana tomorrow (projects) and efficiency and productivity improvement.
Debswana’s production decreased by 7% to 5.9 million carats in the fourth quarter of 2019 as output at Orapa fell due to a delay in an infrastructure project coupled with expected lower grades.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished