Botswana cuts back on diamond production amid weak global demand

Fewer diamonds from the mines: Botswana will cut back its 2025 output of diamonds by 16% in comparison to the year before.

With global demand for diamonds falling and lab-grown diamonds becoming a cheaper alternative, diamond mining companies are struggling. And for a country like Botswana, where diamonds make up 80% of its export revenue, this situation is especially hard-hitting.

Debswana, which is Botswana’s largest diamond…