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](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/09/22/87382.jpg&w=800&q=72&f=jpg&t=1)
Better days: Diamonds are facing pressures unseen in the market in at least four years
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.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...