Diamond

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 …

The Ministry of Minerals and Energy hosted a Romanian delegation as part of ongoing efforts to deepen international investment engagement in Botswana’s diamond industry and broader minerals value chain. The delegation, led by Botswana’s Ambassador to the United Nations Industrial Development Organization (UNIDO), Viorel Zaharia, was briefed on the structure …

Natural diamonds commanded strong attention at the JCK Las Vegas 2026 Show but Botswana’s presence signalled something more significant than market appeal. It marked a confident shift from resource supplier to value-driven global player, using the world’s premier jewellery platform to reinforce its leadership in provenance, beneficiati and long-term industry …

Local beneficiation has long been positioned as Botswana’s pathway to industrialisation yet progress has remained uneven despite the country’s vast mineral wealth and global market relevance. With rich endowments in industrial minerals such as soda ash, supporting industries both regionally and internationally, diamonds that generate significant luxury value worldwide and …