The historic sale of two extraordinary diamonds from the world-renowned Karowe Mine in Botswana has been completed by Lucara Diamond Corp. The final payment and delivery of the legendary 549-carat Sethunya and the breathtaking 1,080-carat Eva Star mark one of the most significant diamond transactions in recent history. Both diamonds, …
Read More »Botswana Forecasts Economic Growth Amidst Diamond Market Recovery
Botswana’s economy is poised for a rebound this year, with a projected growth rate of 3.3%, according to Finance Minister Ndaba Gaolathe. This positive outlook hinges on a revitalized diamond market, a sector that has historically been the cornerstone of the country’s economy. However, the path to recovery has been …
Read More »Botswana Eyes Economic Rebound as Diamond Market Shows Signs of Recovery
Botswana’s economy, heavily reliant on diamond exports, is poised for a rebound in 2025, with growth projected to reach between 3% and 4%, according to a senior government official. This optimistic outlook follows a challenging 2024, during which the economy contracted significantly due to a slump in diamond sales. “The …
Read More »Botswana Faces Economic Headwinds as Diamond Sales Slump
Botswana’s economy is facing a significant downturn, primarily driven by a prolonged slump in diamond sales, the country’s primary export commodity. Finance Minister and Vice President, Ndaba Gaolathe, has warned that the economy could contract by as much as 1.7% this year. This projected contraction would mark Botswana’s worst economic …
Read More »Botswana to Establish Own Diamond Certification Point
Gaborone, Botswana: Botswana is set to establish its own certification point for rough diamonds destined for G7 countries, marking a significant departure from the previously proposed single-node system centered in Antwerp. This move comes after widespread opposition from diamond-producing nations, including Botswana, Namibia, and Angola. The decision follows a joint …
Read More »De Beers Confident of Swift Conclusion to Botswana Diamond Sales Pact
Gaborone, Botswana – De Beers CEO Al Cook has expressed optimism regarding the imminent conclusion of negotiations with the Botswana government on a new diamond sales agreement. Following a meeting with newly elected President Duma Boko, Cook indicated that the deal could be finalized within weeks, rather than months or years. …
Read More »Botswana Diamonds Strikes Gold in South Africa
Botswana Diamonds has secured a significant foothold in South Africa’s diamond mining landscape, acquiring a prospecting permit for five kimberlites in the historic Marsfontein area. The 900.67-hectare permit encompasses the renowned Marsfontein diamond mine and extends to the company’s Thorny River properties in Limpopo. The company has set its sights …
Read More »Lucara Divests Clara Diamond Solutions for Strategic Refocus
In a recent announcement, Lucara Diamond Corp. (TSX, BSE, Nasdaq Stockholm: LUC) revealed the sale of its 100% stake in the Clara Rough Diamond Sales Platform to its original founders, led by the HRA Group of Companies and Eira Thomas. Clara is a pioneering digital marketplace that revolutionides the sale …
Read More »Botswana’s Diamond Crown Jewel: A New Record-Breaking Find
In a stunning discovery that has captured the world’s attention, Lucara Diamond Corporation has unearthed the second-largest diamond ever found – a colossal 2,492-carat gem from its Karowe mine in northeastern Botswana. This monumental find, which surpasses all diamonds discovered in the 21st century, has reignited interest in the country’s …
Read More »AI to Unleash Botswana’s Diamond Treasure Trove
Botswana Diamonds (BOD) is betting big on artificial intelligence (AI) to crack open the secrets of its vast mineral-rich territory. The AIM-listed company has embarked on an ambitious project to explore its 95,000 square-kilometre database using cutting-edge AI technology. With a treasure trove of data at its fingertips, including 375,000km …
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