KGK Sets Up A Di­a­mond Fac­tory In Botswana

Solitaire - - SPECTRUM -

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.

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