Watch: We go inside one of the world’s leading synthetic diamond labs to see how the material—and its applications—are rapidly evolving https://t.co/kGbF1xDC6o ...

Botswana holds surprise ad-hoc diamond auction in bid to raise funds https://t.co/LYktFSEv99 ...

Angola offered to buy a minority stake in De Beers in an attempt to keep one of the world’s biggest diamond companies independent, after Botswana said it’s seeking to take control of the firm https://t.co/UwgWSHPond ...

Industry Focus - Botswana aims to complete a deal to take a majority stake in De Beers by the end of October [1] Economic Sovereignty - It's a matter of economic sovereignty for Botswana [1]

Anglo whose 85% stake in De Beers and they it's not the government of the public on the front of who is 15. We we are resolute not and we have communicated fermentation to increase our state in dubious to a controlling state that is upwards of 50%. Would you go higher than that. Would you be willing would you know that it will go higher.Why. But because we want to we want to have effective control of the industry. We want our voice to be heard.It's a matter of of economic sovereignty for Britain is absolute ...

Botswana’s president aims to complete a deal to take a majority stake in De Beers by the end of next month https://t.co/nB3KioyM4F ...

The natural diamond market is in crisis, with lab-grown equivalents hitting demand, spelling disaster for Botswana's economy https://t.co/rW0kGOHBOH ...

Botswana's Economic Challenges - Botswana's diamond-fueled economic boom is faltering due to the rise of lab-grown gems [1] - The country's reliance on diamonds, accounting for approximately 80% of exports and about 33% of government revenues, makes it particularly vulnerable to market changes [3][5] - The diamond sector constitutes about a quarter (25%) of Botswana's total economy [4] Impact of Lab-Grown Diamonds - Lab-grown gems are significantly impacting diamond prices, leading to drastic changes in Botswana [3] - Botswana's debt levels have nearly doubled in just three years as the country borrows to balance its budget [4] Industry Response and Mitigation Efforts - Botswana, along with other diamond-producing countries like Angola, has pledged to spend 1% of their revenues on promoting natural diamonds [6] - These efforts aim to convince consumers of the value of natural diamonds over lab-grown alternatives, but their success is uncertain and may take time [6]

Angola plans to polish most of the diamonds it produces domestically by 2027 to boost revenue and create more jobs in the sector https://t.co/MxZmeMsVGO ...

Anglo American’s handling of the De Beers sale has angered Botswana, which owns 15% of the diamond producer https://t.co/9e9Aa0CGTb ...