The major factors facing the industry in the second half of the year are high inventory levels of polished diamonds in the midstream, which affects demand for rough diamonds, as well as ongoing global economic uncertainties, particularly in major markets such as the United States. The US Federal Reserve raised interest rates to a 22-year high last week, further pressuring consumers in a market that accounts for about 54% of the diamond jewellery market.

https://www.mmegi.bw/business/diamond-mining-revenues-enter-tricky-period/news

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