Debswana revenues reach P14bn in Q1

Monday, May 08, 2023 | 610 Views |

Rumbling on: Debswana’s mines have started the year at a brisk pace

Debswana Diamond Company sold P14 billion worth of rough diamonds in the first three months of the year, up 10% from the corresponding period last year, as the strong performance of the country’s primary economic commodity continued from its highs last year.

The country’s main economic actor sold P56.6 billion in 2022, an all-time high and a boost for budget revenues which have suffered deficits that pre-date the pandemic.

Debswana sells 75% of its production through the De Beers’ ecosystem and the balance, 25%, is allocated for purchase by the Okavango Diamond Company, the state-owned diamond trader.

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