What's the first thing you think about when you hear about: Botswana?
Truth is, a lot of people don't know what Botswana is, let alone where it is!
It's a country in southern Africa – just above South Africa and nestled between Namibia and Zimb
abwe.
It's popular as a tourist destination (think amazing African Safaris), has the laregest Elephant population in Africa but here's another fact you may not know: it's also one of the largest producers of diamonds (by value)!
Yes, this African nation is leading the world in diamond production and is set to become a gl
obal diamond centre with the opening of a new diamond cutting and polishing factory in Gaborone, owned by Laurelton Diamonds Botswana (LDB).
This is a significant milestone for this small, landlocked African nation. Despite high poverty levels and unemployment rates, Botswana is still considered a development success story across the world. It has had good governance since obtaining independence in 1966 and its economic growth has been stellar, moving it into the ranks of the middle-income status. It's one of the fastest growing economies in the world! Take that China and India!
For Diamond lovers, Botswana's emergence as a major diamond producing hub is great news. At Diamonds USA, we expect great things from Botswana and wish the country well.