As Botswana’s diamond industry continues to evolve, so too must the systems that safeguard it. 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 𝐨𝐟 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲, 𝘿𝙯𝙞𝙡𝙖𝙣𝙞 𝘼𝙗𝙚𝙡, reflected on how Lucara Botswana is strengthening its approach to risk and protection during this period of transition. He noted that effective security is not achieved through one measure alone, but through benchmarking against the best practices worldwide, from stakeholder engagement and rigorous audits under ISO standards, to fu
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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
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