Memorial Foundation of Carl Fabergé continues to fulfill its tasks

Valentin Skurlov, Ph. D., who is an Honorary Academician of the Russian Academy of Arts, professor, scientific secretary of the Fabergé Memorial Foundation, consulting researcher studying the Fabergé heritage at the Russian department of the Christie's...

30 march 2020

Gaetano Cavalieri: We need to protect the long-term health of our industry

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

23 march 2020

Sierra Leone mulls setting up entity to buy diamonds from artisanal miners

Sierra Leone will revise its Mines and Minerals Act that will, among other issues, pave way for the establishment of a State entity that can buy diamonds from artisanal miners, an official has said. The National Minerals Agency of Sierra Leone director-general...

16 march 2020

David Block, CEO of Sarine Technologies believes that AI will play a bigger role in the industry in the next few years

Armed with an MBA degree from the Kellogg-Recanati School of Business, and a Bachelor's degree in Computer Science from the Tel Aviv-Jaffo Academic College in Israel, David Block is the present CEO of Sarine Technologies, a worldwide leader in the...

10 march 2020

Botswana wants to fully participate in research and development led by De Beers

Although the government of Botswana has refused to review its latest demands from the ongoing negotiations for a new sales and marketing deal with De Beers, it has indicated its desire to fully participate in research and development led by the diamond...

02 march 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. 

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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