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Diamond Demand Slump Threatens Botswana's Economy
Posted
September 2, 2025
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2:42Now PlayingBotswana's economy is heavily reliant on diamonds, which account for 80% of the nation's exports and a third of government income. The increasing popularity of lab-grown diamonds is creating a big disruption in the market, choking off Botswana's revenue. The government is scrambling to respond to the crisis, with the president declaring a public health emergency and seeking investment from foreign companies. Bloomberg's Matthew Hill reports.
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