Home > Latest News
International diamond body welcomes Botswana in its fold
GABORONE - Botswana has been accepted as a member of the International Diamond Manufacturers Association (IDMA) following a meeting in Shanghai, China, last month.

The acceptance marks another milestone in the countrys quest to become a leading diamond centre. A press release from the chairperson of the Botswana Diamond Manufactures Association (BDMA) Mr Mervin Lifshitz says the growth of the diamond industry in Botswana has been remarkable. He cites the establishment of 16 diamond cutting and polishing factories, the opening of DTC Botswana, the development of the governments diamond hub and associated beneficiation activities as examples.

The release says IDMA is committed to fostering and promoting the highest ideals of honesty and best practice principles throughout the diamond industry worldwide as well as full compliance with all relevant national and international laws.

It further says the IDMA has developed and adopted a binding code of conduct for all its members. According to Mr Lifshitz, the IDMA also works to encourage fair and honourable practices, protect and promote the trust and confidence of consumers in diamonds and diamond products.

It encourages and supports social responsibility on the part of the industry in respect to all citizens of the world, and seeks to take a unified leadership role on all issues affecting the industry, the press release states.

The IDMA meets twice a year and at the same time as the World Federation of Diamond Bourses (WFDB) at the World Diamond Congress.

The press release says the association has played an active role in establishing the Kimberley process certification scheme and is co-founder of the World Diamond Council.

Mr Lifshitz said the inclusion of Botswana in the membership of the IDMA shows that the country is becoming a leading diamond centre.

The BDMA was founded in 2005 by four cutting and polishing factories operating in Botswana and it meets regularly with various government departments, DTC Botswana as well as with other relevant and interested parties. BOPA  

Suggest To A Friend