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De Beers’ sales robust

Diamond from Jwaneng Mine PIC. THALEFANG CHARLES
Diamond from Jwaneng Mine PIC. THALEFANG CHARLES

De Beers’ has reported provisional revenues of $515 million (P5.7 billion) for the seventh auction of rough diamonds held in Gaborone recently.

The earnings represent a slight uptick from $514 million in the six auctions and a more than 54% jump from the outcome of the corresponding auction last year.

De Beers conducts at least 10 auctions or 'sights' in Gaborone each year, bringing production from its mines across the world and offering the rough stones to an exclusive group of contracted buyers known as 'sightholders'.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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