Diamond sales balloon in Q3

Friday, November 09, 2018

The value of rough diamonds produced in the country exploded in the third quarter at P11.9 billion, from P7.5 billion in the second quarter, figures released by the Bank of Botswana this week indicate.

The latest numbers represent a sharp turnaround from a slow year in which average prices per carat were soft, while production continued to tick higher.

While Debswana’s mines are the dominant producers of rough diamonds, Lucara’s Karowe Diamond Mine is also included in the calculations to a lesser extent.

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