Diamonds enter make or break period for 2023

Friday, September 22, 2023 | 310 Views |

Better days: Diamonds are facing pressures unseen in the market in at least four years

The next few months will be critical for the direction of rough diamonds and the country’s economy, after a year described as “delicate and unprecedented” in which prices fell by more than 20% while tepid demand threatens to derail the post-pandemic recovery.

Traditionally in the diamond industry, the period between Thanksgiving in the United States and the Chinese New Year, represents the peak retail selling period every year.

Healthy demand for diamond jewellery and stones in key markets such as the US is more critically required this year, as the crisis building for rough producers such as Botswana has partly been caused by high inventory levels of polished diamonds in the midstream.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Selefu

joey kambai | 9 h ago

World Athletics Championships coming to Africa

Calistus Kolantsho | 11 h ago

Man fatally burns in Selebi-Phikwe house fire

Pini Bothoko | 13 h ago

Man carrying baby dies whilst crossing Taung road

Pini Bothoko | 13 h ago

Young girl perishes in Ledumadumane collision

Pini Bothoko | 13 h ago

Driver dies in Gabane head-on collision

Pini Bothoko | 13 h ago

Young woman dies in Metsimotlhabe crash

Pini Bothoko | 13 h ago

Castle Lite, Let's Pacers team up to unlock Botswana

staff writer | 14 h ago

The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Mmegi Editor | 11 September 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.

Diamonds enter make or break period for 2023

The next few months will be critical for the direction of rough diamonds and the country’s economy, after a year described as “delicate and unprecedented” in which prices fell by more than 20% while tepid demand threatens to derail the post-pandemic recovery.

Explore

More

Selefu

World Athletics Championships coming to Africa

Man fatally burns in Selebi-Phikwe house fire

Man carrying baby dies whilst crossing Taung road

Young girl perishes in Ledumadumane collision

Driver dies in Gabane head-on collision

Young woman dies in Metsimotlhabe crash

Castle Lite, Let's Pacers team up to unlock Botswana

The Boko-led administration has to tread carefully