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Diamond sales rebound ahead of Monday�s budget

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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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