Botswana is the second largest diamond producing country in the world and has continuously strengthened its position in the global diamond industry in the past decade.
Highlighting the excellent relationships between the two diamond strongholds, the visit included a meeting with the AWDC board of directors, a meet and greet with the Antwerp diamond community at Antwerp’s rough diamond bourse, the Kring, and a visit to tender specialist Bonas Group.
The Antwerp connection – a successful partnership Botswana is one of Antwerp’s most important trading partners. In 2021 Botswana exported USD2,17 billion worth of rough diamonds to Antwerp, making Antwerp their single most important export partner for diamonds in terms of value, and the third largest in volume, with a total of 10.111.467 carats.
The key to this successful partnership is the unique combination of Botswana’s high-quality goods with Antwerp’s high value market and high-tech manufacturing capacity. In terms of sales and revenues, this puts Antwerp on the top spot among Botswana’s trade partners.
But the fruitful collaboration is not limited to high-end rough diamonds. During the pandemic, when Antwerp’s critical mass of buyers and sellers enabled uninterrupted sales at maximum market value, the trade hub could demonstrate its resilience and true market power. In 2021, through the dual viewing tenders in both Gaborone and Antwerp through the Bonas Group, Okavango Diamond Company (ODC) managed to achieve a record revenue of US$963 million, despite global challenges and travel restrictions.