Mining & Energy
US diamond demand surge boosts Botswana development fund hopes
The News
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.
Why it matters
Rising US diamond demand offers renewed hope for Botswana's P7 billion Diamonds for Development Fund after two years of weak sales.
16 June 2026 · Weekend Post →