Fiscal boost as De Beers� rough sales rebound

Government gets 80 thebe from every Pula worth of diamonds Debswana sells to De Beers
Government gets 80 thebe from every Pula worth of diamonds Debswana sells to De Beers

Results of De Beers’ third rough diamond sale of the year possessed signs of a market in rebound, a development that will be a boon for fiscal authorities anticipating a P6 billion budget deficit for the 2016/17 financial year.

In its third sale of rough diamonds for the year held in Gaborone last week, De Beers recorded sales of $660m, marking a definite upward trend.

De Beers said in the first sale of the year, in January, it notched up sales of $545m, more than doubling the previous year’s final sale of $248m.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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