Lab-grown diamonds robbing southern Africa of riches

Lab-grown diamonds robbing South Africa of riches

South Africa, Botswana and several southern African peers that built much of their prosperity on diamonds are scrambling for alternatives as cheaper, lab-grown stones threaten their economies. Diamond-dependent Botswana is leading the way and launched a sovereign wealth fund this week to lay the “foundation for a more resilient, sustainable and diversified future beyond diamonds”. Majority stake It is exploring other avenues too, like boosting l…

Lab-grown diamonds robbing southern Africa of riches

Botswana and southern African peers that built much of their prosperity on diamonds are scrambling for alternatives as cheaper, lab-grown stones threaten their economies.

Lab-grown diamonds draining South Africa’s wealth

South Africa, Botswana, and several other southern African countries that built much of their prosperity on diamonds are scrambling to find alternatives as cheaper lab-grown stones threaten their economies. Diamond-dependent Botswana is leading the way and launched a sovereign wealth fund this week to lay the “foundation for a more resilient, sustainable and diversified future beyond diamonds”. Majority stake It is exploring other avenues too, l…

Struggling natural diamond industry seeks to rediscover sparkle

Lab-grown diamonds account for nearly half of all engagement ring purchases worldwide in 2024