Botswana Declares Public Health Emergency Amid Diamond Sales Slump
President Duma Boko addressed the country’s medical supply chain crisis in a recent televised address.

In a national televised address delivered Monday, Boko said the country’s medical supply chain was in crisis, creating a shortage of medicine and other critical items at its hospitals and clinics.
The address followed a warning the country’s health ministry issued earlier this month that it was running low on supplies due to financial challenges and that all non-urgent surgeries are postponed.
In his address, Boko did not specifically reference lower diamond sales as the reason for the crisis. Instead, he pointed to issues in the medical supply chain, like the allegedly inflated cost of supplies.
However, at a press conference last month, Boko expressed concerns about how De Beers Group, which is currently up for sale, was doing business in the country.
“If the diamonds are there, how is the country broke? They are not being sold,” said Boko. “Then De Beers is not doing its job.”
In that same speech, the president also made remarks about the country taking over the diamond business and said that “something very drastic” will happen before the end of the year.
In February, De Beers and the government of Botswana signed a new 10-year sales agreement as well as a 25-year extension of the country’s mining licenses.
Under the terms of the agreement, the percentage of the country’s diamond production allotted to Botswana’s government-run Okavango Diamond Company will increase over time.
Botswana is the world’s largest producer of diamonds by value, and its economy relies heavily on the gemstones.
Diamonds account for around 80 percent of exports, one-third of fiscal revenues, and one-quarter of its GDP, according to the International Monetary Fund.
As a result, a drop in the demand for and price of natural diamonds has disrupted its economy, an issue that took center stage in its elections last year, which Boko won in a major upset.
Among the issues Boko, a 55-year-old human rights lawyer who graduated from Harvard Law School, campaigned on was improving the country’s financial stability, not only through diamond sales but also by diversifying the country’s economy, an issue he raised again at the press conference last month.
In Monday’s address regarding the health crisis, Boko outlined a response plan, which includes the release of 250 million pula ($18 million) in emergency funds to address the crisis.
Notably, until recently, Botswana received funding from the U.S. government for health services, including about one-third of the budget for its HIV response, according to UNAIDS, but those payments have stopped due to funding cuts by the Trump administration.
The Botswana Defense Force will oversee the procurement of six to eight weeks of critical medical supplies from local suppliers with quality products in stock.
The procurement is “highly price sensitive given our limited coffers,” said Boko.
Boko announced the establishment of a national taskforce to help stabilize supply chains, and the creation of the Health First Botswana Partnership Fund.
“I appeal to all people of conscience to invest in this fund for the sake of the people of Botswana,” he said.
Boko also called for an overhaul of the current medical supply system, and claimed the prices of goods have been inflated five to 10 times higher than fair market value in what he called “an unjustifiable depletion of government monies.”
He outlined long-term solutions, including sourcing directly from manufacturers to reduce costs as well as implementing end-to-end automation, price monitoring, and data-driven stock management.
“I emphasize that the work has been nonstop and it will remain so until medicine reaches all the shelves in the country,” Boko said.
The first trucks loaded with supplies had already left Gaborone, he said on Monday.
The Latest

Plus, why Saks Global’s bankruptcy may have given Bloomingdale’s an edge.

The flawless, Type IIa stone is estimated to achieve up to $2.8 million at the auction house’s high jewelry sale in April.

Costume designer Kate Hawley wore three archival Tiffany & Co. brooches, our Pieces of the Week, while accepting her first Oscar.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

The jewelry retailer announced changes to its store network and brand portfolio during its fourth-quarter earnings call.


From a weaker labor market to inflation, NRF Chief Economist Mark Mathews gave insight on what retailers can expect this year.

The historic stone, which sold at Elmwood’s in London, is the largest white diamond to be offered on the U.K. market in more than a decade.

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

Three-time Grammy award-winning artist Nelly is set to perform at the annual event at Tao Beach in Las Vegas on May 31.

The model and fashion editor’s gold evening bags were the top lots at the London sale, going for more than $25,000 each.

Fresh off winning the David Yurman Gem Awards Grant, Nelson discusses the ring that launched his career and his plans for the future.

“The Basics of Jewelry” has been updated to include modern topics and visuals.

Held just before the Oscars, the jewelry industry’s big awards show had its share of standout jewelry, gowns, and acceptance speeches.

The Academy Award-winning actress stars in Tiffany & Co.’s latest commercial, which debuted Sunday night during the Oscars.

The organizational change follows Kering’s promise of a transformation after declining sales in 2025.

Natalie Francisco rounds up the top Oscars jewels, including Rose Byrne’s Taffin necklace with a more than 20-carat yellow-brown diamond.

Béatrice Goasglas has been with TAG Heuer since 2018. She is the first woman to head the 166-year-old, LVMH-owned watch brand.

The store features the first in-store build for the jeweler’s in-house “Bella Ponte” bridal brand.

The live fine jewelry auction will take place later this week, showcasing antique pieces, rare gemstones, and signed jewels.

Our Pieces of the Week honor the 2026 nominees for the Gem Award for Jewelry Design, Silvia Furmanovich, Cece Fein-Hughes, and Catherine Sarr.

The 24-piece watch collection is set to debut in spring 2027.

Pooler, who has more than 25 years’ experience in jewelry, is now chief operating officer of Modani Jewels, Soham Diamonds, and SNJ Creations.

The reopening of the Waldorf Astoria means a homecoming for the industry group’s annual event, which will take place Saturday.

McCormack looked to the 19th century’s “golden age” of astronomy when designing her new celestial-themed collection.

Nelson will be honored as the inaugural grant winner at the Gem Awards gala on Friday.

The new smart design software allows jewelers to configure, price, and confirm a custom engagement ring in real time for in-store customers.

The 10,000-square-foot diamond manufacturing facility officially opened in late February and employs 50 people.






















