DiamondBuzz
US tariffs could cause massive job loss: Botswana Mine Workers Union president
The president of the Botswana Mine Workers Union is warning that US tariffs could make matters even worse for a country that has already seen diamond revenues plummet.
Joseph Tsimako, representing 10,000 mine workers, fears his members could be laid off or forced to take unpaid leave as a result of the downturn.HE said that  find a way to make sure they don’t destroy the lives of the people who helped build it.
Diamonds accounted for around roughly 80 per cent of Botswana’s exports and a third of its GDP until lab growns decimated demand for natural diamonds.
Botswana’s revenue from diamond exports fell by almost half in 2024 and in the first quarter of 2025, Debswana, the government’s 50/50 joint venture with De Beers, reported sales of $560.9m, down 48 per cent year-on-year.
At the end of July, the US imposed a 15 per cent tariff on all imports from Botswana, as part of a global program to address trade imbalances.
DiamondBuzz
Kylie Jenner Debuts At Victoria’s Secret Show In $50 Million Fantasy Bra By Jacob & Co.
Kylie Jenner Walks The Ramp In Bra Crafted By Jacob & Co. From 4,410 Natural Diamonds Surrounding A 75.54-Carat Radiant-Cut Fancy Vivid Yellow Diamond
This year, the famous Fantasy Bra returned to the runway for the first time since 2018. Made by New York jeweler Jacob & Co., it costs $50 million—making it the most expensive Fantasy Bra ever and about $35 million more expensive than any previous version.
Making her Victoria’s Secret Fashion Show runway debut,Kylie Jenner wore the show-stopping bedazzled bra, a gauzy white mini skirt and expansive white feathered angel wings.
The bra features 4,410 natural diamonds set around a large, bright yellow 75.54-carat diamond. A team of 15 craftspeople spent over 1,000 hours creating the piece, which weighs just under two kilograms (about 4.4 pounds).
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National News2 days agoLimelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
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BrandBuzz1 hour agoMalabar Gold & Diamonds Unveils ‘SWAYE’, A Natural Diamond Collection Inspired By Spiral Forms and Modern Elegance
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DiamondBuzz4 hours agoDe Beers Q3 Sales Volume Rises 71% Year On Year On Price Cuts
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