Rough diamond prices could plateau - DTCB

According to the Bank of Botswana and Statistics Botswana, diamond exports rose nearly every month this year, frequently touching record territory on the back of positive supply/demand dynamics.

For the first seven months of the year, diamond exports, which for Botswana include both polished and rough stones, were at a historic high of P20.5 billion, echoing the robust trends seen in jewellery auctions across the world.  The emergence of diamonds as a safe haven for investors in the Middle East also buoyed demand while the record-breaking performance also attracted speculative buyers who also contributed to the positive demand.