3 items across 4 digests
Former African Development Bank president Dr. Akinwumi Adesina was appointed chairperson of the Diamonds for Development Fund, a joint initiative between the Botswana government and De Beers. This appointment could accelerate Botswana's economic diversification efforts and strengthen diamond industry governance in Southern Africa.
The Gemological Institute of America (GIA) has agreed to acquire a 30% stake in Tracr, the De Beers-backed blockchain platform for diamond provenance tracking. This acquisition strengthens blockchain adoption in diamond supply chain verification and represents significant institutional investment in mining sector transparency technologies.
De Beers implemented deep cuts to its sightholder diamond buyer network amid industry crisis conditions. This consolidation reflects ongoing market pressures in the diamond industry and changes in luxury goods distribution channels.
DailySand