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Botswana
Dazzle of world's third largest diamond masks industry doldrums

Reading time 2 minutes

Botswana President Mokgweetsi Masisi, with the newly discovered 1000-carat diamond.
Botswana President Mokgweetsi Masisi, with the newly discovered 1000-carat diamond. © Tshekiso Tebalo/Xinhua News Agency/Newscom/MaxPPP

Weighing in at a jaw-dropping 1,098 carats, the gemstone discovered by Debswana, a partnership between De Beers and Gaborone, made headlines the world over. But behind all the distracting sparkle, the business of diamonds is losing its shine.

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