Lab-grown diamonds are crushing this African economy that was built on natural stones

FortuneSunday, November 30, 2025 at 12:15:14 AM
Lab-grown diamonds are crushing this African economy that was built on natural stones
  • In September, Botswana's national statistics agency reported a 43% drop in diamond output in the second quarter, marking the steepest decline in the country's modern mining history. This significant downturn is attributed to the rising popularity of lab-grown diamonds, which are increasingly competing with natural stones in the market.
  • This development is critical for Botswana, a nation heavily reliant on diamond mining for its economy. The sharp decrease in output could have far-reaching implications for employment, government revenue, and the overall economic stability of the country, which has built its wealth on natural diamond resources.
— via World Pulse Now AI Editorial System

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