2 items across 2 digests
Former African Development Bank president Dr. Akinwumi Adesina was appointed chairperson of the Diamonds for Development Fund, a joint initiative between the Botswana government and De Beers. This appointment could accelerate Botswana's economic diversification efforts and strengthen diamond industry governance in Southern Africa.
De Beers significantly reduces its elite diamond buyer network amid ongoing industry crisis. This reflects broader challenges in the luxury goods sector and potential supply chain consolidation.
DailySand