Botswana didn't sell any diamonds in an unprecedented ad-hoc auction as buyers refused to pay high enough prices, as the global industry continues to grapple with one of its deepest-ever crises.
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#botswana / Page 2
Botswana is holding an unprecedented ad-hoc diamond auction, in a bid to raise money as its economy suffers from a slump in the global gem market.
Angola offered to buy a minority stake in De Beers in an attempt to keep one of the world's biggest diamond companies independent, after Botswana said it's seeking to take control of the firm.
Proposal comes same week that Botswana said it wanted to take controlling stake in precious stones company ...
Visium Technologies participates in Legacy Investors Roundtable alongside UNGA, exploring AI's role in sustainable mining and data center security. Key attendees include Botswana's President and Citibank.
Unearthed in Botswana last year, the 2,492-carat stone is known as Motswedi. Before it finds its home, gem dealer HB Antwerp needs to price it - something that is proving tricky.
Mining firm reports significant mineralization with 210m at 1.06% CuEq including 74m at 1.28% CuEq at Selkirk Mine. Results demonstrate expansion potential beyond current resource estimate.
Botswana's president aims to complete a deal to take a majority stake in De Beers by the end of next month, even as his administration and other potential buyers continue negotiations with the diamond company's controlling shareholder.
The world's second largest diamond could soon find a new home in a museum or a sheikh's collection - but first needs to be properly evaluated, the Belgian firm holding it told AFP Monday.
President Duma Boko congratulates the men's 4x400m relay team for winning gold at the World Athletic Championships.