Editor’s Note
**Editor’s Note:** This article examines the shifting allure of diamonds amid market oversupply, changing consumer values, and ethical concerns. We present the perspectives of industry experts and economists to explore whether the gemstone’s traditional mystique is fading.
By Claudia Bröll, Philip Plickert
03.10.2025, 11:01
Reading time: 6 min.
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One of the largest diamonds ever found in Botswana – it caused a stir when presented in Antwerp.
AFP
Botswana and the De Beers group are battling over their role in the gemstone industry. Diamond prices are falling due to competition from lab-grown synthetic stones.
A few months ago, Bogolo Kenewendo, wearing a black dress and a sparkling necklace, appeared at a jeweler in New York to promote her country’s most important resource: diamonds. The 38-year-old is Botswana’s Minister of Mines, and Botswana is the world’s largest supplier of rough diamonds. The southern African nation of 2.6 million people has owed its remarkable economic development since independence six decades ago to these gemstones.
Source: F.A.Z.
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Claudia Bröll
Political correspondent for Africa, based in Cape Town.
Philip Plickert
Economic correspondent, based in London.
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Keywords:
Botswana
Dollar
World Bank
Anglo American
New York
Africa
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