the monitor

Business

De Beers optimistic despite $189 million loss

Tuesday, August 05, 2025 | 1000 Views |

Listen

De Beers, the global diamond giant, has maintained a positive outlook for the future of the diamond industry despite slipping into losses amounting to $189 million for the first six months of 2025.

The losses, which affirm the protracted slump in the market, are not a sign of a tougher future, according to De Beers.

The group’s financials have been under pressure as the global diamond market has been facing steep headwinds driven by competition from synthetics and low demand in key markets such as China.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

diamonds

Dow makes history as BCP vice president

Tsaone Basimanebotlhe | 1d ago

Detective Mjein releases single titled Baba Ngiyacela

Laone Choeunyane | 1d ago

Botswana players follow new path to Zimbabwean league

Kabelo Boranabi | 1d ago

Ghetto Yankees, Extravaganza surprise package

Calistus Kolantsho | 1d ago

Women’s tennis team pulls remarkable feat

Mqondisi Dube | 1d ago

After a brief pause, BFL feud heads into round two

Mqondisi Dube | 1d ago

Botswana at a crossroads

BJORN LOMBERG* | 17 Jul 2026

ILES readies Botswana for new labour law

Kabelo Boranabi | 2d ago

Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Mmegi Editor | 17 July 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More