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Diamonds good for Batswana – ODC

patriot by patriot
January 26, 2021
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Diamonds good for Batswana – ODC
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Botswana is reaping the rewards from decades of successful management of its diamond sector to become one of the fastest growing economies in Africa.

Speaking at the Plenary Meeting of the Policy Dialogue on Natural Resource-based Development hosted by the Organisation for Economic Co-operation and Development in Paris, the Managing Director of Okavango Diamond Company (ODC), Marcus ter Haar said “Transparency and good governance must continue to be a guiding value of corporate behaviour in order to earn the trust and respect of our current and future consumers.”

The Organisation for Economic Co-operation and Development (OECD) is an international organisation with over 58 years of experience and insights that works to build better policies that foster prosperity, equality, opportunity and well-being for all.

The diamond sector is the largest private sector employer in Botswana and the primary engine for growth and development, contributing 80% to foreign exchange earnings, 50% of government revenue and 30% of GDP. Before diamonds were discovered in Botswana in 1966, income per capita was just US$70, but that has since grown to over US$7,000. Only nine schools were in existence before the discovery of diamonds, but the country now boasts over 1,000 schools.SEE ALSO:

Marcus ter Haar said in Botswana diamond mining now directly employs in excess of 5,500 people, with the diamond cutting and polishing industry employing approximately 2,300 people. Maximising the value derived from diamonds across the value chain means greater benefits such as on-going skills training, ranging from artisan level to highly skilled professionals. According to ter Haar, such policy dialogues are critical in enabling ODC and Botswana to share its best practices with a wider group of stakeholders as the country transforms from a resource-based to a knowledge-based economy. Due to the major strides made to broaden the economic activity in the sector and thanks to once-in-a-lifetime finds like the “Okavango Blue” diamond that was unveiled to the world in April 2019, ter Haar believes Botswana is fast being transformed into a leading global natural diamond centre. The remarkable oval shaped “Okavango Blue” diamond is officially the biggest blue diamond discovery ever made in Botswana, weighing 20.46 carats in its polished form.

“Botswana has produced and continues to produce some of the worlds most impressive and valuable gems the world has seen through the last five decades of responsible mining and selling. These gemstones have generated income that contributes to a nation

As a founding member of the Kimberley Process Certification Scheme (KPCS), Botswana diamonds have always been conflict-free. The emphasis on transparency, good governance, and ethical sourcing has engendered great trust in the diamond sector in Botswana.

“It’s time diamonds become symbolic of the good that they do and the responsible and ethical nature of unearthing and processing of these gems in Botswana should be celebrated as a thriving model of corporate citizenship and best practice across the world,” said ter Haar.

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  • VACANCY: IDMJanuary 30, 2023
     QUALITY ASSURANCE COORDINATOR  (3 YEARS FIXED CONTRACT)   Closing Date: 10 February 2023 
  • VACANCIES: Naledi Mining Services Company (NMSC)January 30, 2023
    Mining Manager – Operations _ 5 Year FTC Information Management Analyst_ 5 Year FTC Safety & Health Coordinator _ 5 Year FTC Human Resources Officer_ 5 Year FTC Maintenance Technician _ 3 Year FTC Maintenance Artisan – Fitter _ […]
  • WE ARE HIRING: Choppies Distribution Centre (Pty) LtdJanuary 30, 2023
    Commercial And Systems Manager Closing Date: 11th February 2023
  • Killings of journalists up 50% in 2022, half targeted off duty    January 25, 2023
    Eighty-six journalists and media workers were killed around the world in 2022 – one every four days, according to UNESCO data, highlighting the grave risks and vulnerabilities that journalists continue to face in the course of their work.   […]
  • Judge Tau; please don’t stifle public scrutiny of the Court of AppealJanuary 25, 2023
    Her utterances are misplaced and must be condemned with the contempt it deserves ADAM PHETLHE The Patriot on Sunday dated 15 January 2022 carried an article titled ‘Judge Tau defends CoA Integrity’, with sub-headings “Complains of discrediting reckless statements; […]
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