First quarter diamond exports near P6bn :: Mmegi Online

The value of rough diamond exports from the country's producers reached P5.75 billion for the first quarter of the year, marginally up from P5.7 billion in the last quarter of 2012, Mmegi Business has learnt.

Bank of Botswana figures released yesterday indicate that exports attributable to the country's two producers of rough diamonds, Debswana and Lucara Diamonds, ranged from P2.6 billion in January to P1.5 billion in March.Operations at the country's other diamond mines, Firestone's BK11 and Mantle's Lerala, are currently suspended due mainly to operational and market-related issues.

Available figures indicate that Lucara Diamonds' Karowe Diamond Mine sold 144,712 carats in the first quarter of the year, earning US$32.5 million (P266.5 million). By comparison, Debswana, which owns the world's richest mines, produced 4.54 million carats over the same period.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Explore

More

First quarter diamond exports near P6bn

The value of rough diamond exports from the country's producers reached P5.75 billion for the first quarter of the year, marginally up from P5.7 billion in the last quarter of 2012, Mmegi Business has learnt.

'I was deceived'

Fierce battle looms in BPF Nata-Gweta primaries

BPF to win all Serowe constituencies

BDP councillor withdraws candidacy, decries voters roll manipulation

BDP primaries: More fireworks, twists and turns

Choppies' P1m Olympic incentive

Masole gears for third Chess Olympiad

Wildebeests on the cusp of rugby history

BDP primaries leave a lot to be desired