World diamond body acknowledges 'some' recovery

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In what could be an early sign of recovery for Botswana's diamond industry and the economy at large, diamond prices and sales appear to be stabilising with consumers slowly coming back on board, says the President of the World Federation of Diamond Bourses (WFDB), Avi Paz.

Botswana, whose export revenues are projected to go down by more than 50 percent this year due to a slump in the diamond market, will benefit immensely if a recovery came sooner than earlier anticipated.

 In a note published on the WFDB website, Paz says the diamond industry is resilient and will survive the global economic crisis.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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