In recent months, Botswana’s diamond industry has faced significant challenges, with a 49% drop in July exports due to weak global demand and an oversupply in the market. The Okavango Diamond Company (ODC) has canceled its November and December sales to avoid substantial losses, following similar actions by De Beers. Adding to the pressure, the growing popularity of lab-grown diamonds in key markets like China and the U.S. threatens to disrupt natural diamond sales. | Duma FM