Botswana Says Pulled Diamond Sale Wasn’t an ‘Emergency’ Auction

BloombergTuesday, October 7, 2025 at 8:03:24 AM
Botswana Says Pulled Diamond Sale Wasn’t an ‘Emergency’ Auction
Botswana recently clarified that its recent diamond auction, which ended without any sales due to unmet reserve prices, was not an emergency situation. This statement is significant as it highlights the country's approach to diamond sales and its confidence in maintaining value rather than rushing to sell under unfavorable conditions.
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