Diamond

Botswana’s economic fortunes are predicted to improve in 2025, with a projected growth of 3.3% following a sharp contraction in 2024. Finance Minister Ndaba Gaolathe, in his budget speech, attributed this optimism to the anticipated recovery of the global diamond market, the cornerstone of the nation’s economy. However, he also …

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, …

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 …

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 …

Botswana Diamonds (BOD), a junior explorer listed on London’s AIM and the Botswana Stock Exchange, has positioned itself as a pioneering, AI-driven minerals exploration company following a recent breakthrough in its search for new diamond and polymetallic deposits. The company’s Managing Director, James Campbell, heralded the use of Artificial Intelligence …

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 …

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 …

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. …

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 …

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 …