Diamond

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

A fundamental rift in supply strategy is rewriting the dynamics of the African diamond trade, placing Botswana’s long-standing model of market discipline under direct pressure from a rapidly ascending Angola. While Botswana has deliberately choked back its diamond output to defend sliding global prices, neighboring Angola has pushed production to …

Botswana is advancing a strategic agenda to export its diamond sorting, valuation and beneficiation expertise across the region, leveraging more than five decades of industry leadership and the institutional capabilities of the Diamond Trading Company Botswana (DTCB). The initiative was highlighted during an official visit by Lesotho’s Prime Minister, Samuel …