mmegi

Debswana sales slow down

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

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

Have a Story? Send Us a tip
arrow up