U.S recession fears weigh on diamond outlook
Friday, June 16, 2023 | 350 Views |
Uncertain fortunes: Diamond demand depends largely on the trajectory of the US economy PIC: MORERI SEJAKGOMO
Diamonds, the country’s principal economic commodity, raced to exports of P14 billion in the first three quarters of the year, up 10.1% over the same period last year, despite 2022 also representing a record high for the shiny stones.
Half-year production figures are due next month, but already the country’s major producers are expected to show both higher output and revenues, as demand for diamonds continues to firm.
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...