In 1967 when Botswana became independent, a South Africa geologist discovered kimberlite in the country.\u00a0 Kimberite is a volcanic rock that hosts diamonds.\u00a0 Sure enough, Bostwana had the world’s larges supply.<\/p>\n
In devleoping the business, Botswana has had a transparent government and turned great wealth into social gains.<\/p>\n
In twenty to third years, the supply of diamonds will end, and Botswana is preparing for the future.\u00a0 They have become a financial services hub for Africa.\u00a0 And they have figured out how to keep diamonds central.\u00a0 They have employees already trained in the businesses that surround diamonds:\u00a0 cutting, setting, poishing and sales.<\/p>\n
DeBeers is moving all their sales operations from London to Gabarone.\u00a0 Major diamond sales take place every five weeks or so.\u00a0 High end businesss people come from all over the world, and service businesses flourish.<\/p>\n
Like Norway which is taking steps to prepare for the end of oil, Botswana is preparing for a time when diamonds can no longer be mined.<\/p>\n
In 1967 when Botswana became independent, a South Africa geologist discovered kimberlite in the country.\u00a0 Kimberite is a volcanic rock that hosts diamonds.\u00a0 Sure enough, Bostwana had the world’s larges supply. In devleoping the business, Botswana has had a transparent … Continue reading ![\"Sorting](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/11\/Sorting-Diamonds-300x196.jpg\")
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