Botswana diamond giant Debswana slashes output as demand falls

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Botswana diamond giant Debswana slashes output as demand falls
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Botswana, one of the world's biggest diamond producers, has been struck by a global decline in the market.

Botswana's main diamond company has paused production at some of its mines, citing a prolonged downturn in global demand.

On Friday, Debswana said production this year is being scaled back to 15 million carats - approximately a 40% decrease from its output in 2023. The global market for mined diamonds has been experiencing a decline since 2023, partly due to the availability of lab-grown alternatives.

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BBCAfrica /  🏆 23. in ZA

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