Diamond sales on track to smash six-year record

The exports in the half-year to June 30 compare favourably to the P38.1 billion full-year sales figure for 2021, which in turn represented the highest level since 2016.

Debswana sells 25% of its production to state-owned diamond trader, Okavango Diamond Company and the balance through the De Beers sales platform. While some rough diamonds sold by De Beers to cutting and polishing firms are in turn sold as jewellery locally, the majority of Debswana’s production is exported abroad.