http://wiki.culturasalento.it/api.php?action=feedcontributions&feedformat=atom&user=123.189.113.211 2026-09-08T12:38:30Z Contributi utente MediaWiki 1.28.0 http://wiki.culturasalento.it/index.php?title=Botswana_Resumes_Diamond_Auctions_After_Glimmers_Of_Market_Recovery&diff=186728 2026-09-03T16:00:43Z

<p>123.189.113.211: </p> <hr /> <div>&lt;br&gt;By Felix Njini and If you beloved this article and you would like to receive extra details concerning [https://jetblacktransportation.com/ JetBlack] kindly go to our website. Veronica Brown&lt;br&gt;&lt;br&gt;CAPE TOWN, Feb 6 (Reuters) - Botswana's state diamond company resumed diamond auctions in January, its managing director said on Tuesday, after a two-month halt last year as the industry as a whole tackled a glut of inventory.&lt;br&gt;&lt;br&gt;Demand for mined diamonds has sagged under the pressure of high interest rates in the United States, home to 55% of global consumption, China's sluggish recovery from the pandemic and competition from lab-grown gems.&lt;br&gt;&lt;br&gt;The impact has been especially damaging in Botswana whose economy relies heavily on diamond sales.&lt;br&gt;&lt;br&gt;The state's Okavango Diamond Company (ODC) held a gem auction in January and plans another this month as the market shows signs of improvement, Mmetla Masire, the company's managing director, told Reuters.&lt;br&gt;&lt;br&gt;ODC, normally holds 10 auctions a year, but its last two in November and December were halted after only around 30% of the diamonds on offer found buyers, Masire said.&lt;br&gt;&lt;br&gt;The company has started to reduce its inventories, but it is still unclear [https://jetblacktransportation.com/blog/how-to-book-a-car-service-from-newark-airport-to-jfk-in-2026-the-no-stress-guide-that-saves-time-money-and-your-last-nerve/02052026 how to book a car service from newark airport to jfk] robust demand is, Masire said. At the January auction, about 70% of the stones ODC had on offer were sold.&lt;br&gt;&lt;br&gt;The ODC sells a share of the gems it is allocated from Debswana Diamond Company, Botswana's joint mining venture with Anglo American unit De Beers, on behalf of the government.&lt;br&gt;&lt;br&gt;Its share of rough stones from Debswana will rise [https://jetblacktransportation.com/blog/how-to-book-a-car-service-from-newark-airport-to-jfk-in-2026-the-no-stress-guide-that-saves-time-money-and-your-last-nerve/02052026 how to book a car service from newark airport to jfk] 50% over the next decade from 25% last year after Botswana reached a new sales deal with De Beers in 2023.&lt;br&gt;&lt;br&gt;Anglo CEO Duncan Wanblad told Reuters on Monday the company saw small signs of recovery in the diamond market.&lt;br&gt;&lt;br&gt;&quot;We can't say the market is as it was before. We will only possibly know about April [https://jetblacktransportation.com/blog/how-to-book-a-car-service-from-newark-airport-to-jfk-in-2026-the-no-stress-guide-that-saves-time-money-and-your-last-nerve/02052026 how to book a car service from newark airport to jfk] strong the recovery is,&quot; Wanblad said.&lt;br&gt;&lt;br&gt;De Beers CEO Al Cook said on Tuesday he believed the uptick in demand will be sustainable but slow and that &quot;prices will be somewhat lower for somewhat longer&quot;.&lt;br&gt;&lt;br&gt;&quot;When you look at those causes of the decline in demand last year, macroeconomic growth, the kind of long COVID if you like, and lab-grown diamonds, they will take their time to work their way through,&quot; Cook told Reuters. &quot;So I'd expect months and years for their recovery rather than days and weeks.&quot;&lt;br&gt;&lt;br&gt;India, which cuts and polishes about 90% of the world's rough diamonds, asked global miners last year to stop selling to it as it sought to manage accumulated stocks. (Reporting by Felix Njini and Veronica Brown; editing by Barbara Lewis)&lt;br&gt;&lt;br&gt;</div>

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