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- IMF: "Bottlenecks" Hindering Botswana's Post-Diamond Future
on 12 January 2026 at 5:00 amBotswana's reliance on diamond revenue has contributed to the "bottlenecks" that are now hindering private sector growth and diversification, says the IMF. In a newly-published report, Addressing Growth Bottlenecks in Botswana, the International...
- De Beers Confirms Bids from Botswana, Angola and Namibiaon 11 January 2026 at 1:00 pm
De Beers has confirmed that Botswana, Angola and Namibia have expressed interest in acquiring equity in the company, along with a number of unnamed business groups. But CEO Al Cook, in an interview with the Reuters news agency last week, declined...
- Karowe's Underground Expansion to Cost $779mon 6 January 2026 at 10:00 am
The underground expansion of the Karowe diamond mine, in Botswana, is set to cost a total of $779m, according to an updated technical report published yesterday (5 January) by Canadian miner Lucara. Operations should begin in the first half of 2028, and the...
- Bow Tie Diamond Could Fetch $124,000on 6 January 2026 at 4:00 am
Alrosa has announced the recovery of a highly unusual rough diamond shaped like a bow tie. The 2.94-carat stone was found by its subsidiary Severalmaz at the Lomonosov deposit, near Pomorye, in Russia's Arkhangelsk region in August, but has only...
- Namibia's Diamond Output Hit by Price Drops and Lab Grownson 5 January 2026 at 3:00 pm
Namibia's rough diamond production fell by 3.5 per cent year-on-year during Q3 2025, as prices fell, demand for lab growns increased and inventories grew. The Bank of Namibia said in its quarterly bulletin that the country's output was 442,000 carats, down...