Diamonds enter make or break period for 2023

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

Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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