A horror year for diamonds

Mmegi Photojournalist MORERI SEJAKGOMO holding a diamond during a tour at DTCB
Mmegi Photojournalist MORERI SEJAKGOMO holding a diamond during a tour at DTCB

A global diamond price slump is the hallmark for this year’s rough diamond sales with the precious stone market having suffered successive market blows throughout 2023.

The first jab at the diamond market landed when the largest economy in the world, the United States of America (USA) wobbled and since then it has been a gloomy road for diamond sales.

De Beers, the world’s largest diamond producer by value, reached a three-year low in sales in November netting a provisional $80 million, the lowest amount since April 2020 when demand and prices crashed due to COVID-19.


Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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