Debswana cuts production amid COVID-19 market glut
Friday, June 05, 2020
The company’s stones are sold primarily through the De Beers’ chain and to a lesser extent, the state-owned Okavango Diamond Company. Both channels have been restrained this year as the coronavirus forced government to close borders and impose movement restrictions.
Debswana contributes at least 70% of De Beers’ global diamond production and the parent group has already cut its forecast production for 2020 by seven million carats to 27 million.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...