Botswana’s rise as world diamond centre – Stanchart “money laundering” woes slow P1.8bn OPIC financing
September 7th, 2012 by Tom Minney
De Beers’ Diamond Trading Corporation has moved from London to Botswana and some 32m carats of diamonds (worth US$6 billion – about 40% of world diamond sales) will be aggregated and sold in Botswana. OPIC financing of P1.8bn is being held up by relations with Stanchart.