Diamond

Diamond mining heavyweight Lucara Diamond, listed on both the Toronto and Botswana stock exchanges, has sent a chill through the market, openly questioning its ability to survive as a going concern. The stark admission comes on the heels of dwindling diamond sales and an increasing reliance on limited financial lifelines, …

The glittering facade of Botswana’s diamond industry is showing significant cracks as a potent cocktail of weakened global demand and hefty new tariffs from the United States casts a long shadow over the nation’s primary economic driver. Recent figures paint a stark picture, revealing a dramatic slump in production and …

Botswana, the world’s diamond powerhouse, is embarking on a bold strategy to win over the hearts and wallets of affluent young Americans, aiming to counter the surge of lab-grown alternatives and reignite its struggling economy. With a savvy blend of luxury events and social media blitzes, the nation is targeting …

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 …