Botswana Diamond Center Construction Complete

The value addition of the diamond industry in Botswana took yet another leap with the announcement that a state of the art building housing a trade exchange for the precious stones is now complete, Mmegi reported cited by Polishedprices.com.
Diamond Technology Park (DTP) chief executive officer Rutang Moses told Mmegi earlier in the week that an occupational certificate for the building had been issued on August 1, marking a milestone in Botswana's journey to become a centre of global diamond trade.
With the bourse's establishment, Botswana now boasts diamond production, cutting and polishing, jewelry manufacturing and finally rough diamond trade, being the majority of activities along the diamond industry value chain, said the report.
When fully functional, the bourse will provide a platform for producers, brokers and traders, with two tenants having already taken up residence in the building.  It is expected that producers such as Firestone Diamonds and Lucara Diamonds will move their auctions to the new high tech bourse, with buyers jetting in and out to participate in tenders. "This will make Botswana a vibrant market for diamonds," Moses told journalists.
"Our strategy is to make sure that the DTP is aligned to diamond industry growth," she said. An official launch of the new building is expected as soon as full operations by its tenants commence. Designed after architectural benchmarking in Israel, Belgium and South Africa, Moses said the bourse would provide privacy for those using it for office space and those holding their tenders there.