Diamond

A finite natural resource is being called upon to finance a more enduring economic future. Botswana has secured an initial P1 billion contribution from De Beers Group to seed a fund aimed at building new industries, attracting domestic and international investment and creating jobs that extend the country’s economic prospects …

The relationship between diamond production and global retail is central to the natural diamond industry’s long-term value proposition. A recent visit by Signet Jewelers’ Executive Leadership Team to Jwaneng Mine brought these two ends of the value chain into focus, highlighting Botswana’s role in supplying the stones that underpin a …

By Donald Magapatona 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 …

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 …

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 …