Botswana anticipates a significant economic rebound and projected growth of 3-4% in 2025, according to a senior government official, as reported by Diamond World.   This forecast follows a challenging 2024, during which Botswana’s economy contracted by 3.3% over the first three quarters, largely due to its heavy reliance on

Mining giant Rio Tinto reported strong performance in 2024 but also noted a decline in diamond production, according to a report by Rough & Polished.   According to the report, diamond production at the Diavik mine in Canada’s Northwest Territories increased by 18% in Q4 compared to the same period

African diamond producers are advocating for the adoption of the Authentia platform, which enhances diamond origin tracking, urging G7 nations and the Kimberley Process to support it, as reported by IDEX Online.   The African Diamond Council (ADC), which represents 18 member countries, revealed that it has worked alongside the

Mining giant BHP is reportedly gearing up to make another takeover bid for rival Anglo American, according to the Sunday Times, as cited by IDEX Online.   In April 2024, BHP proposed acquiring Anglo American in a deal valued at over $49 billion. However, the bid was rejected by Anglo’s

The African Diamond Council (ADC) has announced plans to adopt Authentia.io, a blockchain-powered traceability platform, to enhance transparency and accountability in the global diamond trade, as reported by Diamond World.   Developed over three and a half years, the platform is specifically designed for African nations involved in diamond mining.

Russian mining giant Alrosa reported a 4.6% decline in diamond production for 2024, with total output falling to 33 million carats of rough diamonds, down from 34.6 million carats the previous year, according to Rough&Polished.   However, the state-owned Russian mining company maintains, according to a report by IDEX Online,