Diversification Of Economy

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Botswana’s President Mokgweetsi Masisi looks at a large diamond discovered in Botswana at his office in Gaborone on August 22, 2024. The 2492 carat diamond was discovered in the Karowe mine in Botswana of Lucara Diamond Company. (Photo by MONIRUL BHUIYAN/AFP via Getty Images)

The panic behind Botswana’s big, sparkly diamond show

Diamonds account for 30% of the country’s economy, but lab-grown gems mean less demand for ones dug out of the soil

Keletso Thobega