Diamond sales register robust 2017 start

Friday, January 27, 2017

De Beers' first sight was held in Gaborone last week

Rough diamond sales have registered a strong start to the year buoying fiscal authorities that get about 50% of annual revenues from diamonds sales.

At the first sight of the year held in Gaborone last week, De Beers reported strong improvement with sales fetching $720m (P7.6 billion) in what is normally one of its strongest demand period.

A year ago, De Beers, 15% owned by government of Botswana, generated $545m from its sales to about 80 handpicked clients called sightholders and through auctions.

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