Ratings agency Moody's on Friday downgraded Botswana's domestic- and foreign-currency long-term issuer ratings to "Baa2" from "Baa1", citing an expected deterioration in the country's public finances.

Belgian gem trader HB Antwerp is scaling back its Botswana operations after failing to secure rough diamond supplies from State-owned Okavango Diamond Company (ODC), a senior company official told Reuters.

Diamond miner De Beers Group’s 2025 Sustainability Report has outlined progress in its ‘Building Forever’ sustainability framework, with advances in livelihoods, nature conservation, climate action and diamond provenance.

Botswana now expects a much smaller budget deficit this fiscal year thanks to higher-than-expected revenue from the central bank and measures to contain spending, Finance Minister Ndaba Gaolathe said on Tuesday.

Gemfields reports that its latest auction of commercial-quality rough emeralds, recovered from the company's 75%-owned Kagem mine, in Zambia, generated total revenues of $29.6-million.

Gem Diamonds reported a significantly improved financial performance for the six months ended June 30, compared with the same period last year, with revenue having increased by 32% to $59.7-million, supported by improved production quality and stronger prices achieved, CEO Clifford Elphick highlights.

Mountain Province Diamonds has announced its CFO Steven Thomas will step down effective September 1 to pursue other opportunities, however, he will support the company in an advisory role through the transition process to a new CFO.

South Africa has long been a significant force in the global diamond industry; however, it has faced regulatory and logistics headwinds which are placing pressure especially on the small and junior sector, Lyndon de Meillon writes.

Anglo American CEO Duncan Wanblad said on Thursday the company was "not exclusive with any consortium" on the sale of its diamond unit De Beers.

De Beers has made some of the deepest ever cuts to its official diamond prices, potentially signaling an end to its years-long campaign to hold them well above the market rate.