The Global Diamond Industry
DOI: 10.1057/9781137537614.0015
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Synthetic Gem Quality Diamonds and their Potential Impact on the Botswana Economy

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Cited by 4 publications
(5 citation statements)
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“…The first is that diamonds could be extinct in the near future, a fact which Botswana is well aware of. Until the Cut 8 Mine Expansion Project, Jwaneng Mine's predicted lifespan did not extend beyond 2025 (Grynberg, 2013). The second is the introduction of synthetic diamonds, which have been poised to take the place of the natural gems, despite having a far lower market value (Sunday Standard Botswana, 2014).…”
Section: Early Warningsmentioning
confidence: 99%
“…The first is that diamonds could be extinct in the near future, a fact which Botswana is well aware of. Until the Cut 8 Mine Expansion Project, Jwaneng Mine's predicted lifespan did not extend beyond 2025 (Grynberg, 2013). The second is the introduction of synthetic diamonds, which have been poised to take the place of the natural gems, despite having a far lower market value (Sunday Standard Botswana, 2014).…”
Section: Early Warningsmentioning
confidence: 99%
“…45 Once fully operational, Morupule B is expected to produce a total of about 600 MW of electricity (only about 132 MW is generated from Morupule A), with an annual requirement of about 3 million tons of coal supply. 46 Botswana's energy demand was estimated at about 3660 GWh in 2008 (peak load of 500 MW), and is projected to grow at about 6% per annum, reaching 5300 GWh in 2017. 45…”
Section: Discussionmentioning
confidence: 99%
“…Botswana has considerable coal deposits—one of the largest potential reserves untapped in the world at over 212 billion tons. 46 There are currently four commercially significant coal deposits (Morupule, Mmamabula, Sese and Mmamantswe), with an envisaged export industry of at least 36–90 Mt/a. It is estimated that as much as two-thirds of Africa's coal resources are found in Botswana.…”
Section: Discussionmentioning
confidence: 99%
“…21 Moreover, low global market prices for polished diamonds make it difficult for Botswana to promote polished diamond exports when polished diamonds fetch the same price as raw diamonds. Interestingly, high-quality synthetic gems, particularly from small producers in China, pose a challenge to industrial diamonds and, therefore, Botswana's economy by creating uncertainty about the direction of gem prices, which depend, in part, on technological proficiency, low costs, and the market's acceptance of synthetic diamonds (see Grynberg, Sengwaketse, & Motswapong, 2014). According to changes in comparative advantages and global market prices, however, mineral-processing ventures could hold greater potential.…”
Section: Linkages Promotionmentioning
confidence: 99%