Diamond industry crisis deepens as job cuts begin

Sunday Standard Diamond industry crisis deepens as job cuts begin The Botswana Diamond Workers Union (BDWU) has declared a formal dispute at Genesis HB Botswana which is a diamond cutting and polishing company wholly owned by HP Antwerp, a Belgian diamond technology company. While the Botswana government had sought  to acquire a  49.9%  stake in the company, it currently does not hold any shares in the Belgian diamond manufacturer HB Antwerp. Although the previous administration announced an agreement in 2023 to acquire a 24% stake, the deal was never finalized and no shares were paid for as the government underwent a due diligence process. .ihc-locker-wrap{}There's more to this story But to keep reading, we need you to subscribe. Investigative journalism is an indispensable part of a healthy society, but it's also expensive to produce. We are reliant on subscriptions to fund our work, and while you can enjoy most of our stories for free, a small number of premium features are reserved for subscribers. You can subscribe for one week, a month or a full year - the choice is yours. Save 77% on an annual subscription. Click here to find out how. Existing subscribers can log in to keep reading here. jQuery(document).ready( function(){ jQuery('#iump_login_username').on('blur', function(){ ihcCheckLoginField('log', 'Please complete all required fields!'); }); jQuery('#iump_login_password').on('blur', function(){ ihcCheckLoginField('pwd', 'Please complete all required fields!'); }); jQuery('#ihc_login_form').on('submit', function(e){ e.preventDefault(); var u = jQuery('#ihc_login_form [name=log]').val(); var p = jQuery('#ihc_login_form [name=pwd]').val(); if (u!='' && p!=''){ jQuery('#ihc_login_form').unbind('submit').submit(); } else { ihcCheckLoginField('log', 'Please complete all required fields!'); ihcCheckLoginField('pwd', 'Please complete all required fields!'); return FALSE; } }); } ); The post Diamond industry crisis deepens as job cuts begin first appeared on Sunday Standard and is written by Portia Nkani