Botswana Faces Uncertain Diamond Future as Gems Deplete

Finance and Trade
30/11/2015 11:54

Despite the huge global publicity for Botswana's diamond industry with news of a 1,111-carat diamond being found by Lucara Diamonds, the country faces an uncertain future as forecasts suggest the gems will run out in 15 years. Successive governments have enjoyed prosperity and stability as a result of Botswana's diamond exports, but they still account for a huge 80 percent of export earnings and around 70 percent of gross domestic product, The U.K.'s Daily Telegraph reported.