US EditionBotswana's diamond stockpile swells as gem price slump persists
Botswana's diamond stockpile reached 12 million carats, nearly double the 6.5 million limit, as weak global prices and tariffs reduce demand, threatening economic growth.
- Botswana had a stockpile of 12 million carats of diamonds at the end of December 2025, nearly double its allowable inventory level of 6.5 million carats.
- The global diamond market slump, fueled by rising competition from lab-grown gems and weak demand, poses a significant threat to Botswana's economic growth.
- Rough diamonds were expected to fetch $99.3 per carat in 2025, down from $128.8 in 2024, according to Botswana's 2026/27 Budget Strategy Paper.
30 Articles
30 Articles
ABC FOX Montana
Botswana warns diamond oversupply to hit growth
Botswana is sitting on nearly double its permitted diamond stockpile as weak prices and rising competition from lab‑grown stones curb demand, the government said, warning the glut will weigh on economic growth.
In the mine, the carat costs $99.
The Independent
The Independent (US)The country struggling to sell its diamonds as stockpiles grow
The African nation produced 18 million carats in 2024, second only to Russia
Recently, De Beers, the world's largest diamond producer, announced another price reduction for diamonds. Since peaking in 2022, the diamond industry has been undergoing a prolonged period of deep adjustment, influenced by multiple factors including a global slowdown in luxury goods consumption and the rapid popularization of lab-grown diamonds. Numerous real-life examples from mainland Chinese consumers show that diamond rings purchased at high…
Coverage Details
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
