African Diamond Producers Struggle to Recover as Market Pressures Persist
African Diamond Miners Face Continued Market Pressure in First Half of 2026 Africa’s diamond industry continued to face challenging market conditions in the first half of 2026, with major producers in Botswana, South Africa, Namibia and Lesotho struggling to achieve a sustained recovery in natural diamond demand. Financial results released during the period point to continued pressure across the industry, driven by weaker prices, economic uncertainty and growing competition from laboratory-grown diamonds. In South Africa, Petra Diamonds reported a 45% quarter-on-quarter decline in diamond revenue during the fourth quarter of…
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