Diamond

Botswana Pitches Diamond Story to UNGA with Bigger Value Proposition

The world’s diamond market may be navigating a difficult cycle but Botswana is using the downturn to make a bigger case for the value of its natural diamonds and the economic opportunities that can be built around them. As President Advocate Duma Boko leads the Botswana delegation at the 81st …

Read More »

De Beers London launches Vibrations

De Beers London presents Vibrations: a High Jewellery universe inspired by the quiet yet enduring power of inland water. The collection celebrates De Beers London’s deep connection to the Earth and its diamond-sourcing countries. Dedicated to life-enriching bodies of water in Botswana, South Africa and Canada, three new sets join …

Read More »

De Beers showcases automated diamond screening instrument

Global diamond giant, De Beers Group’s Science & Technology division has revealed SynthDetect 2, the next generation desktop diamond screening instrument. The first SynthDetect instrument and its successor SynthDetect XL – released in 2017 and 2018 respectively have been among the most successful instruments in De Beers Group’s suite of …

Read More »

ODC Board Aligns with Government on Diamond Value

The newly appointed Board of Directors of the Okavango Diamond Company (ODC) has begun its mandate with a strategic engagement with the Ministry of Minerals and Energy, focused on strengthening the company’s contribution to Botswana’s diamond economy. Minister of Minerals and Energy, Bogolo Joy Kenewendo, met the new ODC Board, …

Read More »

AfDB Urges Botswana to Modernise Tax Collection as Diamond Revenue Slides

Botswana needs sound tax policy design backed by strong institutional enablers to mobilise domestic revenue more effectively, according to the African Development Bank Group’s Country Focus Report 2026, Mobilizing Botswana’s Development Financing at Scale in a Fragmented World. The report identifies sustained political commitment, a stronger Botswana Unified Revenue Service …

Read More »

London Jewelers Legacy Comes Full Circle in Botswana

A century of jewellery heritage has come full circle in Botswana, with the Udell family, owners of US luxury retailer London Jewelers, visiting Orapa Mine alongside the Klein family as part of the company’s 100th anniversary celebrations. The visit brings together two fourth-generation family businesses whose relationship is closely tied …

Read More »

Weathering a Softer Quarter as Karowe’s Underground Future Takes Shape

Lucara Diamond Corp’s revenue for the second quarter ended 30 June fell 6% year on year to $41 million, driven largely by lower carat sales through tender and a softer average dollar per carat price on diamonds weighing less than 10.8 carats. The quarter’s revenue included the sale of the …

Read More »

Diamond Dependence Drags On Growth

Botswana was the weakest performing economy among Southern Africa’s major economies in 2025, with the African Development Bank warning that heavy dependence on diamonds has left the country exposed to global commodity shocks even as its neighbours rebounded strongly. The bank’s Southern Africa Economic Outlook 2026 shows Botswana’s economy contracted …

Read More »

Dubai Ties Up With Botswana in Commodity Deal Opening Trade Corridor for Southern African Minerals

The Dubai Multi Commodities Centre (DMCC) has signed a strategic agreement with the Botswana Stock Exchange Group (BSE) to establish Africa’s first “sister-hub” commodity trading corridor, creating a direct bridge between Dubai’s global financial network and Southern Africa’s vast mineral reserves. The partnership, signed between DMCC and the operator of …

Read More »

Botswana Seeks Economic Pact With Zimbabwe to Pivot From Diamonds – Updated

Botswana is aggressively pursuing an enhanced economic partnership with Zimbabwe, part of a sweeping strategy by Africa’s largest diamond producer to rapidly insulate its economy from a volatile global gemstone market. The structural pivot was underscored during a weekend bilateral meeting in Harare, where Botswana’s newly appointed Vice President and …

Read More »