TREASURY has revised downwards the national diamond output for 2025 by 3,8 percent to 5,2 million carats from the previous estimate of 5,4 million carats on subdued performance arising from headwinds within the sector.Despite the downward projection, the country is still expected to beat last year’s production output of 5,1 million carats, riding on investments…
Diamond output slashed to 5,2 million carats
The rise of synthetic diamonds, weaker consumer demand, geopolitical complications and shifting pricing dynamics have altered the economics of natural diamond mining.