Debswana’s production in the second quarter of the year rose to 5.7 million carats, about 16% higher than the first quarter, with officials noting stronger demand for the precious stones.
In a commentary earlier today, Anglo American officials said consumer demand for polished diamonds continues to recover, leading to strong demand for rough diamonds from midstream cutting and polishing centres.
This is despite the impact on capacity from the severe Covid-19 wave in India during April and May. Anglo American holds 85% equity in De Beers, which in turn holds 50% shareholding in Debswana, with the balance held by the Government of Botswana. Debswana’s second quarter production accounted for about 70% of De Beers’ total production of 8.2 million carats for the quarter.
Half year production for Debswana reached 10.7 million carats or 43% higher than the corresponding period last year. Average diamond prices across the De Beers mines globally were 13% higher in the first half of the year due to an “increased proportion of higher value rough diamonds sold,” officials said.