Diamond exports down 50% by Q3

Figures released by the Bank of Botswana recently indicate that between January and October, Debswana sold P22.7 billion in rough diamonds, compared to P45.2 billion over the corresponding period in 2023.

Debswana is the country’s primary producer of diamonds, accounting for more than 95% of annual output. Under the current agreement between its shareholders, De Beers and government, Debswana sells 75% of its annual output to the diamond giant and the balance to the state-owned diamond trader, Okavango Diamond Company.