A sale of De Beers, the iconic diamond mining and trading company long synonymous with the glittering allure of precious gems, is now closer than ever. …
Botswana’s diamond industry has received a powerful vote of confidence as De Beers reveals that American consumers are spending more on natural diamonds than ever before. …
Sunday Standard US consumers still want natural diamonds Fresh research from De Beers suggests that natural diamonds continue to command strong consumer demand in the United States, a development that could provide some relief for Botswana’s diamond-dependent economy as governmen …
… With diamonds as the country’s primary export, continued global demand weakness and pricing pressures, alongside questions about De Beers’ long-term role in Botswana’s mining industry, are expected to result in only a modest domestic economic rebound. …
As the global jewellery industry gathers in Las Vegas, De Beers’ Desert Diamonds campaign places natural colour, individuality and origin at the centre of renewed demand for natural diamonds. …
… A Botswana-flag lapel pin adorning his suit jacket, he once took to the floor of parliament to justify why his principal could describe the antics of De Beers’ negotiators with an explosive onomatopoeia that mimics the repetitive sound of a heavily-laden tractor flatulently wiggl …
… . He added that Dr Mogae was a "transformative leader" who helped shape the nation's economic trajectory particularly in laying the foundation for diamond beneficiation at the turn of the century. "He played a pivotal role in redefining Botswana's relationship with De Beers …
De Beers, the iconic diamond miner majority-owned by Anglo American, posted a striking 88% increase in first-quarter production compared to the last quarter of 2025, driven by planned ore releases and higher underground volumes. …
The year is 2006, President Festus Mogae is dealing with two pandemics, one being the HIV/AIDS scourge the other being a pandemic yet to fully manifest; the narrative of Africa’s diamonds being blood diamonds.Those who followed the matters closely will tell you that De Beers had …
Sunday Standard De Beers output rises on Botswana strength De Beers’ rough diamond production rose in the first quarter of 2026, with Botswana’s mines again carrying most of the group’s output, even as weak prices, lower-value sales and Anglo American’s planned exit from the diam …
De Beers reports increased US consumer spending on natural diamonds, raising hopes for a P7 billion Diamonds for Development Fund created under a recent government partnership. The positive outlook arrives as Botswana's economy has been strained by weak diamond sales over the past two years.
De Beers research suggests natural diamonds continue to command strong consumer demand in the United States, potentially providing relief for Botswana's diamond-dependent economy amid government revenue pressures from a prolonged global diamond market downturn.
UK research firm Business Monitor International has warned that Botswana's banking sector faces escalating challenges from weak macroeconomic growth, tighter monetary policy, and rising macro-fiscal risks, which could hinder performance and restrict balance sheet growth, liquidity, and profitability. The firm projects real GDP growth of 1.5 percent this year, following a 0.7 percent contraction in 2025, citing weak demand for exports and persistent uncertainty in the diamond sector.
De Beers' Desert Diamonds campaign is promoting natural colour, individuality and origin to drive renewed demand for natural diamonds at the JCK jewellery trade show in Las Vegas.
Slumber Tsogwane, as Vice President, once defended President Masisi's use of insulting language in public; now rebranded as a social-media figure with 185,000 Facebook followers, Tsogwane has dramatically readjusted his views on public use of insulting language.
Former President Dr Mokgweetsi Masisi, speaking at the State Memorial Service for late former President Dr Festus Mogae, described him as a genuine democrat and patriot whose conduct embodied Botswana values. Masisi highlighted Mogae's role as a transformative leader who shaped the nation's economic trajectory, including championing diamond beneficiation and relocating diamond valuing and sorting from London to Gaborone.
De Beers reported total carats recovered reached 7.133 million in Q1 2026, an 88% jump from Q4 2025 and 17% rise year-on-year, driven by planned ore releases and higher underground volumes. The company noted that despite the production gains, rough diamond trading conditions remained challenged due to industry, geopolitical and tariff headwinds.
In 2006, as President Festus Mogae addressed the HIV/AIDS pandemic, Botswana fought the narrative that African diamonds were "blood diamonds." De Beers invested billions in advertising to correct the narrative while Mogae took Botswana's voice to the world stage to resist a single story defining the continent.
De Beers' rough diamond production rose to 7.13 million carats in the first quarter of 2026, up 17 percent year-on-year, with Botswana's mines producing 4.81 million carats—about 67 percent of group output.