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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.

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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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