Orapa powers Botswana diamond production
Friday, September 26, 2025 | 380 Views |
Old Faithful: Orapa was the country’s first diamond mine and continues to deliver PIC: THALEFANG CHARLES
OLDM General Manager, Mogakolodi Maoketsa, said the industry has been challenged by the increasing appeal of synthetic diamonds, higher extraction costs, and slower economic growth in major markets.
“People are buying synthetic diamonds at lower prices, and the global economy is struggling. That is why our sales have dropped,” he said.
According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn't just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly...