ZIFA chaos breeds shame
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In a surprising move, Botswana President Masisi yesterday left the country to join industry stakeholders at the 2024 JCK Las Vegas show. Botswana finds itself in the middle of a perfect storm of challenges: De Beers' parent company Anglo American recently became the target of potential take-over bids, which led to Anglo announcing plans to spin off its diamond business.
Botswana's President Mokgweetsi Masisi on Wednesday called synthetic gems a threat to the country's economic lifeblood, as the government readies to launch a $6 billion project to extend the life...
Botswana's President Mokgweetsi Masisi has called synthetic gems a threat to the country's economy as Botswana prepares a $6 billion project to extend the Jwaneng diamond mine's life. The natural diamond market has struggled recently due to rising demand for lab-grown diamonds and macroeconomic volatility. Botswana aims to safeguard its market share by promoting ethically sourced natural diamonds.
BOTSWANA-MINING/DIAMONDS (CORRECTED, PIX):CORRECTED-Botswana flags synthetic gem threat ahead of $6 bln diamond project launch