Diamond exports drop to seven-year low

Tuesday, February 09, 2016

Diamond exports from Botswana mines fell 38 percent to a seven-year low in 2015 as a slump in global market impacted both demand and prices.

According to statistics published by the Bank of Botswana yesterday, the value of exports from the major diamond mines in Botswana fell to $2.4 billion (P28.5 billion) in 2015 from $3.9 billion (P45.6 billion) the previous year.

The figures however do not include diamonds that De Beers brings in the country for aggregation before re-exportation.

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