
Botswana says pulled diamond sale wasn’t an ‘emergency’ auction
By Bloomberg Published October 7, 2025 Botswana said an unprecedented ad-hoc diamond auction late last month — in which it didn’t sell any gems because the reserve price wasn’t met — wasn’t an “emergency sale.” Bloomberg State trader Okavango Diamond Co. had offered about 1 million carats of rough stones in a “closed” tender on…