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Debswana Halts Diamond Production, Strikes Blow to Economy

6/7/2025

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Summary

Story summary

Debswana, the powerhouse behind 90% of Botswana's diamond sales, has halted production at its Jwaneng and Orapa mines for three months, a move driven by dwindling demand and US tariffs. This pause casts a shadow over Botswana's economy, prompting a stark revision of its 2025 growth forecast to nearly zero, though no job losses are anticipated.

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Story summary

Debswana, the powerhouse behind 90% of Botswana's diamond sales, has halted production at its Jwaneng and Orapa mines for three months, a move driven by dwindling demand and US tariffs. This pause casts a shadow over Botswana's economy, prompting a stark revision of its 2025 growth forecast to nearly zero, though no job losses are anticipated.