Mining Index Zimbabwe

Diamond sale fails in Botswana as buyers refuse to

- Africa -
September 27, 2025

Botswana didn’t sell any diamonds in an unprecedented ad-hoc auction as buyers refused to pay high enough prices, as the global industry continues to grapple with one of its deepest-ever crises.

State trader Okavango Diamond Co. had offered about one-million carats of rough stones in Thursday’s “closed” tender, which differed from the usual process of auctions being held for registered buyers and scheduled well in advance. The aim had been.

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Diamond sale fails in Botswana as

Botswana didn’t sell any diamonds in an unprecedented ad-hoc auction as buyers refused to pay high enough
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