Diamond sales rebound ahead of Monday�s budget

Wednesday, January 27, 2016

De Beers has reported a more than double jump in diamond sales at its first sale of the year held in Gaborone last week, a development that is likely to boost fiscal authorities’ annual revenue projections ahead of Monday’s 2016/17 budget presentation.

De Beers, which is entitled to sell 86 percent of Debswana’s annual production, and hand 80 percent of that revenue to government, sold $540 million (P6.3 billion) worth of diamonds last week.

This represented a 117 percent leap with De Beers having recorded sales of $248 million in its last sale of a challenging 2015.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

ZCC St.Engenas headquarters in Moria.PIC.PRESIDENCY OF SOUTH AFRICA

St Engenas ZCC ends years of infighting

Mpho Mokwape | 2d ago

Women’s voices fading in politics

Tsaone Basimanebotlhe | 2d ago

Mupane bidders in settlement talks after CoA clash?

Mbongeni Mguni,Oarabile Mosikare | 2d ago

Gov’t accused of interfering in disputed P300m Mogo road tender

Innocent Selatlhwa | 2d ago

Mahalapye Prison’s thriving underground economy

Sharon Mathala | 2d ago

Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

The Monitor Editor | 02 December 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More