Gaborone, Botswana – In a significant step toward improving employee welfare, Stargems Group has announced the implementation of a minimum wage of P4,000 for its workers. This commitment was revealed by the group’s Chief Executive Officer, Mr. Karan Javeri, during a courtesy visit to Botswana’s President, Advocate Duma Boko, while on his working tour in Belgium.
With over 160 Batswana currently employed by Stargems, this move underscores the company’s dedication to enhancing the livelihoods of its workforce. Stargems Group, a renowned diamond manufacturing enterprise specializing in manufacturing, wholesaling, retailing, and auctioning diamonds and jewelry, continues to demonstrate its role as a key player in Botswana’s economy.
A Step Toward Enhanced Productivity
Advocate Boko commended Stargems for its proactive decision, noting that paying employees a fair minimum wage not only improves their quality of life but also has a direct impact on productivity. “Happy employees drive increased production and contribute to the overall success of the company and the nation,” said President Boko.
Impact on the Industry
The diamond industry plays a pivotal role in Botswana’s economy, contributing significantly to employment and national GDP. Stargems’ initiative sets a benchmark for other businesses in the sector, signaling a shift toward prioritizing worker welfare alongside profitability.
Commitment to Growth
Mr. Javeri emphasized that the decision aligns with Stargems’ values of fostering a supportive and motivated workforce. By ensuring a fair minimum wage, the company aims to build a sustainable working environment that reflects its global reputation for excellence.
This development reflects the growing recognition of the need for inclusive economic growth within Botswana, where fair wages and employee satisfaction are increasingly seen as crucial components of a thriving business ecosystem.
About Stargems Group
Stargems is a global leader in the diamond industry, renowned for its expertise in the entire value chain of diamonds and jewelry. From manufacturing to retailing and auctioning, the company is committed to innovation and excellence.
With its latest wage policy, Stargems has taken a meaningful step toward shaping a more equitable and prosperous future for its employees and the community at large.
