Rough diamonds have potential to improve lives - Alweendo

10 Jul 2019 19:00pm
WINDHOEK, 10 JUL (NAMPA) - Rough diamonds in diamond producing countries are a unique strategic mineral that not only generates revenue but has the potential to contribute significantly towards efforts to improve the lives of citizens.
These remarks were made by the Minister of Mines and Energy, Tom Alweendo here on Tuesday at the sixth African Diamond Producers Association (ADPA) Council of Ministers meeting.
He said citizens’ lives could be improved through job creation, skill development, value addition, technology transfer and intellectual property transfer.
Established in 2006, ADPA aims to improve diamond mining in African countries by fostering cooperation and technical assistance among member states, as well as coordinating members to strengthen their legislations.
ADPA was also formed to review member states’ internal control systems and understand the marketing value of their precious resources.
Alweendo said it is important that member states learn how to use the ADPA platform to drive the common interests of ADPA members for the ultimate benefit of all country citizens.
“Through this engagement we can share the good that diamonds do in each of our countries and deliberate on how we can leverage this in supporting efforts to promote and keep natural diamonds front of mind with global consumers,” he said.
He said ADPA member states have access to potential threats to the industry such as lab grown diamonds, dwindling margins across the diamond value chain.
“We have to share best practices across the ADPA member countries with particular focus on legislation and policies that will enable us to unlock further value addition and beneficiation opportunities across the African diamond industry,” said Alweendo.