KGK Sets Up A Diamond Factory In Botswana
The KGK Group inaugurated a cutting and diamond polishing factory in Gaborone, Botswana. The new factory is a 1,000-sq-m facility, which incorporates the latest diamond cutting technologies.
KGK Group’s chairman Navrattan Kothari said, “We have brought in the best technology and expertise in Botswana and have set up a state-of-the-art infrastructure with a structured skills development program. We had a longheld ambition to open a cutting and polishing factory in Botswana to add to our company’s portfolio. Through the support from the Government of Botswana together with De Beers, we will be able to realize our potential.”
Botswana’s minister of minerals, energy and water resources, Kitso Mokaila, said the opening of the KGK factory shows that even though the diamond industry has been going through challenges in Botswana, there is still hope and confidence in the sector. “Opening a factory under the prevailing diamond business environment demonstrates not just commitment and self-belief by KGK owners, but also a long-term approach to business,” Mokaila said. (Clockwise from top left) Sanjay Kothari, Sandeep Kothari, Nigel Simson, Paul Rowley, Kitso Mokaila, and Navrattan Kothari at the inauguration function.
Paul Rowley, De Beers’ executive vice president for global sightholder sales who was also present at the inauguration, said, “With KGK opening up its factory here, this is a very positive step for the domestic industry in Botswana.”
The group plans to cut and polish diamonds worth an average $1.5 million every year at the factory.