DiamondBuzz
Botswana’s diamond problems are holding back its economy
Botswana depends too much on money from diamonds. This creates “bottlenecks” that stop businesses from growing and the country from trying new things, says the IMF (International Monetary Fund).
In a new report called Addressing Growth Bottlenecks in Botswana, the IMF says the country is at an important turning point.
The problems include:
- Hard to get loans (25% of companies say this).
- Issues with land ownership rules.
- Bad governance.
- Poor infrastructure, like unreliable electricity.
- Strict job rules that make hiring hard.
The diamond business is changing fast. Lab-grown diamonds, sanctions on Russia, and less demand from China (especially a normal business cycle drop) are hurting it.
The IMF says Botswana must fix these big problems to grow and not rely only on diamonds.
In 2024, the economy shrank by 3% because diamond production stopped and demand fell. This hurt government savings, raised youth joblessness, and showed too much focus on one industry.Last month, the IMF warned Botswana not to buy more shares in De Beers . It could increase debt and tie the country more to a risky business.
DiamondBuzz
CVD Synthetic Fashioned To Imitate A Rough Natural Diamond
The Near-Colorless Stone Is Believed To Be The First Time Creators Of A Synthetic Chemical Vapor Deposition (CVD) Diamond Have Shaped It To Resemble A Rough Diamond
The 6.87-carat near-colorless CVD diamond was shaped to resemble a natural rough octahedral crystal but showed distinct synthetic features under microscopic and spectroscopic analysis.GIA’s tests confirmed the stone’s synthetic origin, noting polishing marks, facet junction roughness, and luminescence patterns inconsistent with natural diamonds.
No evidence currently suggests widespread substitution of synthetics for rough natural diamonds, but existing detection tools could be adapted if such cases increase.
The near-colorless stone is believed to be the first time creators of a synthetic chemical vapor deposition (CVD) diamond have shaped it to resemble a rough diamond, according to an article in the spring issue of the institute’s Gems & Gemology quarterly journal.
Upon investigation with the use of raman spectroscopy, the results confirmed that the material was a diamond, with its near-octahedral shape similar to that of a natural rough crystal. Further analysis showed that it was not a true octahedron, as only one set of opposing faces was parallel. Microscopic observation under differential interference contrast revealed extremely flat faces marked mainly by parallel polishing lines, unlike the growth steps and trigons typically seen on natural octahedral faces. The facet junctions were extremely rough, possibly due to measures taken to improve the color, after which the main faces appear to have been repolished, the institute explained.
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