Mosibudi Jo Mathole and Khomotso Ramodipa are two South African sisters who quit their employment as an investment banker and an optometrist respectively, to commence a diamond polishing business, at a time when the price tag of the commodity was so small and unattractive to buyers.
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In 2019, although speaking to the VOA, Mathole and Ramodipa explained their adore for diamonds drove them into the small business. The marketplace in South Africa is nevertheless male-dominated and has actually shrunk. When a booming enterprise, diamond polishing has shrunk from 4,500 polishers 25 many years ago to 250 polishers in latest occasions.
In spite of the gloomy photo of the sector, the two sisters were unfazed and opened Kwame Diamonds in 2008. The shop in Johannesburg features the reducing and sharpening of precious stone.
Putting South Africa On The Map With the 1st Only Girls-Owned Diamond
Interestingly, the company is the only agency in South Africa operate by sisters and in accordance to Females in Diamond, the sisters control the only females-owned polishing company in the world.
“The obstacles to entry go past just getting a female or remaining a male mainly because the issue boils down to possessing an outfit like this, you really want a good cash outlay,” stated Mathole, who is the company’s director. “And for girls, it turns into a bit challenging because this has normally been a quite male-dominated sector.”
The yr they set up Kwame Diamonds, Mathole and Ramodipa became capable diamond valuators and have considering the fact that carved a area of interest for by themselves in the polish and chopping of diamonds. Aside from that, they also make certain that they sourced diamonds responsibly and ethically.
According to co-founder Ramodipa, they are accredited to minimize and polish environment-renown De Beers Group’s branded diamonds.
“To be able to deliver a Forevermark diamond, which in accordance to them, it’s 1 % of the environment diamonds that are made. … If you are equipped to polish that type of diamond, then you are amid just one of the best,” she claimed.
The South African sisters hire and practice other women of all ages in the market, a go observed as part of their individual contribution of expanding female participation in the sector.
Grace Tshego is a diamond polisher at Kwame Diamonds.
“Now I can go out there and say, ‘I’m a diamond cutter,” Tshego is quoted as stating. “I’m even specializing with ‘fancy cut’. It’s a thing that is so wow, trigger other folks they really don’t know it.”
Mathole and Ramodipa have been given commendations for their innovation and being afloat in an business in drop. “They’re seeking at the diamond sector from a unique standpoint,” suggests the former president of the Planet Federation of Diamond Bourses (WFDB), Ernie Blom.
“They’re imagining out of the box. And maybe they are ticking all the proper boxes that is offering them the success that they have. And it’s possible which is what a lot of the more mature diamond field can study from.”
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