Botswana’s ODC halts diamond sales as industry seeks to reduce glut
25 October 2023 Botswana’s state-owned Okavango Diamond Company (ODC) has temporarily halted its rough stone sales as part of an…
Tag: De Beers
Natural Diamonds still rule but concerns mount
30 August 2023 A large majority of people planning to get married prefer natural diamonds, giving the industry momentum at…
De Beers Loosens Buying Rules as Inventories Accumulate
16 August 2023 De Beers will allow sightholders to defer up to half of rough purchases to early next year…
Botswana plans extra diamond sales route after De Beers deal
4 August 2023 Botswana‘s state diamond company is planning to diversify how it sells precious stones to the market as…
A Rough Overhaul: Russia, Botswana and Excess Supply
12 July 2023 Newly published Kimberley Process numbers give fresh insights into current market developments. Too many rough diamonds were…
Diamonds are for now: Botswana inks new deal with De Beers
Botswana has reached an eleventh-hour deal with diamond giant De Beers after months of tense negotiations that saw the continent’s…
Botswana says it is still keen on De Beers partnership, confident of new deal
May 30, 2023 GABORONE, May 30 (Reuters) – Botswana wants to maintain its partnership with De Beers and is confident…
Botswana Diamond Manufacturers Partner with NDC
May 11, 23 (IDEX Online) – Botswana’s diamond industry is joining forces with the Natural Diamond Council (NDC) to promote…
Botswana to Take Stake in HB, Challenging De Beers’ Dominance
(Bloomberg) — Botswana will acquire a 24% stake in Belgian diamond trader HB Antwerp, in a challenge to the southern…
De Beers’ sales reach P6.7bn
De Beers recently sold an estimated $495 million (P6.7bn) of rough diamonds in its second auction of the year, a…
Botswana intent on selling more diamonds without De Beers
Botswana will not drop its demand to sell a bigger share of the diamonds produced by its joint venture with…
Botswana mining growth seen flat amid dim diamond outlook
Botswana expects output from its mining sector to be flat this year, as the diamond industry loses its sparkle due…
Diamond negotiations with De Beers “hugely distracting” to Botswana government
LUCARA Diamonds wanted a quick resolution to diamond sales contract negotiations between Botswana and De Beers as their two-year discussions were…
Botswana’s Debswana posts 37.5% jump in 9-month diamond sales
GABORONE, Nov 1 (Reuters) – Rough diamonds sales by Debswana Diamond Company jumped 37.5% in the first nine months of…
Natural Diamond Council Global Ambassador, Lily James, Visits Botswana
Highlights positive impact of the natural diamond industry on education, conservation and local business NEW YORK, Oct. 26, 2022 /PRNewswire/ — This…
Surat diamond polishers open units in Botswana
Surat manufacturers have opened around 20 diamond cutting and polishing units in Botswana. Vallabh Lakhani, Chairman of Surat Diamond Bourse…
Diamonds powers Botswana back trade surplus
Botswana’s trade balance, which has weakened in the past years, widening the trade imbalance, and causing large drawdowns from the…
Okavango Eternal: Protecting a natural wonder
Through Okavango Eternal, De Beers is in partnership with National Geographic to address one of Africa’s most critical conservation challenges:…
De Beers extends Botswana sales deal as it negotiates new contract
De Beers Group said on Friday it has extended by six months a 10-year agreement with Botswana for the sale…
De Beers’ second-quarter rough diamond production up 134%
Diamond miner De Beers’ rough diamond production increased by 134% year-on-year to 8.2-million carats during the second quarter, which the…
Botswana unearths the world’s ‘third largest’ diamond
The 1,098-carat diamond is the biggest stone of gem quality to be found in the history of the Debswana company.…
Botswana economy seen growing by 6.2% in 2021
International credit rating agency – Moody’s, says it forecasts that the Botswana economy will recover in 2021, with real GDP…
Debswana to Plow $6 Billion for Biggest Underground Diamond Mine
(Bloomberg) – Debswana Diamond Co. will spend 65 billion pula ($6 billion) to build the world’s largest underground diamond mine…
Botswana diamond mining company launches tender for small solar park
Diamond Trading Company Botswana is seeking proposals for a 600 kW ground-mounted PV plant to power operations at its mining…
Botswana’s Debswana expects to increase diamond output by 38% in 2021
Diamond producer Debswana aims to increase output by 38% this year to pre-pandemic levels of 23 million carats, a company…
De Beers diamonds sparkling in early 2021 thanks to Valentines, Chinese New Year
Global mining company, De Beers says it expects to report $650 million in rough diamond sales for its first cycle…