Diamond exports flat in Q2

Thursday, August 05, 2010

The value of Botswana's diamond exports for the second quarter have come in marginally lower than the same period last year, with P4.49 billion worth of precious stones being sold between April and May.

The figure represents a 4.6 percent decline in Pula terms from the revenue earned from exports over the second quarter of 2009. In US dollar terms, the decline is 0.83 percent, reflecting the Pula's weaker position over the greenback in the second quarter.

During the second quarter last year, the Pula averaged P7.18 against the greenback, while it has averaged P6.78 for the second quarter 2010.

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