INDIAN JEWELLER

Leaders of U.S. diamond and jewellery sector mull on stance on KP

Agenda focuses on U.S. policy on KP certified rough diamond exports

Post By : Diamond World News Service On 01 October 2010 12:38 PM
The Jwaneng mine, the richest in the world, recently celebrated its 25 years in Botswana. The mine holds resources that produce up to 15 million carats a year, and is especially popular for its blue diamonds.%%"When these gemstones are cut and polished, they produce eight million pieces of jewellery in a year. This means over the last 25 years Jwaneng mine's diamonds have been worn by over 100 million customers all over the world", said Gareth Penny, chief executive of De Beers.%%The Jwaneng mine contributes to 70% of the annual earnings of all the four Debswana diamond mines, a 50/50 partnership between the government of Botswana and De Beers. It is scheduled to move to underground mining in 2012, and according to Penny, the increased costs of diamond mining pose a problem in Botswana.

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