
Diamond sale fails in Botswana as buyers refuse to pay up
By Bloomberg Published September 26, 2025 Botswana didn’t sell any diamonds in an unprecedented ad-hoc auction as buyers refused to pay high enough prices, as the global industry continues to grapple with one of its deepest-ever crises. Bloomberg State trader Okavango Diamond Co. had offered about 1 million carats of rough stones in Thursday’s “closed”…