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Debswana sales slow down

Thursday, November 02, 2023 | 600 Views |

Rich ground: Jwaneng Mine is the world's richest diamond mine by value

The value of diamonds sold by Debswana in the first nine months of the year slowed to P37.1 billion, from P43.2 billion over the same period last year, as lower demand and pricing in the global market hit the precious stones.

The nine month figures for this year are however still considerably higher than comparative figures before 2022, reflecting the generally stronger sales enjoyed by rough diamonds since last year.

However, on a quarterly basis, the third quarter sales of P8.4 billion are the lowest reported by Debswana in the third quarter since 2015, excluding the COVID-19 year of 2020.

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Debswana sales slow down

The value of diamonds sold by Debswana in the first nine months of the year slowed to P37.1 billion, from P43.2 billion over the same period last year, as lower demand and pricing in the global market hit the precious stones.