The diamond market is splitting into two sectors: the real diamond market and the Lab-Grown Diamonds (LGD) sector, the chairman of Botswana Diamonds said today in a market filing.\'A 10% cut in retail demand ignores the fact that 90% of the demand remains. Inventories decline. Interest rates decline, and credit loosens. This is where the diamond market is now. Green shoots begin to appear.\'The structural effect of LGD will wipe out a percentage of the diamond market previously held by miners.
How serious the loss will be has yet to be estimated, but the LGD sector has its own problems,\' chairman John Teeling said.Teeling added that \'the current massive disruption and dislocation in the traditional diamond industry will pass. \'The company had \'a number of very exciting and prospective projects\' that await finance.\'The only true lie detector in exploration is a drill hole,\' he finished.Metals One said the company\u2019s Råna project (nickel, copper, cobalt) partner and operator, Kingsrose Mining, has received all analytical results from the 2024 core drilling program at the project, where a total of 706m was drilled across three holes at the Rånbogen prospect.The Råna Project is currently 39% owned by Metals One.Drilling tested a previously undrilled zone of outcropping massive sulphide located 600m northwest of the sulphide zone intercepted at Rånbogen in 2023, which returned 26.2m at 0.7% Ni, 0.2% Cu and 0.06% Co from 169.0m
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