The Debswana Diamond Company announced that its rough diamond sales have jumped 37.5% year-on-year to total $3.578 billion in the first nine months of 2022, driven by steady demand for jewelry, according to Mining Weekly.
Debswana, a joint venture between Anglo American’s De Beers and the Botswana government, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Company.
Recently, Botswana’s President Mokgweetsi Masisi has vehemently denied a report by the Sunday Standard newspaper that the country would no longer be selling its larger diamonds to De Beers. Mokgweetsi Masisi told delegates at the Natural Diamond Summit, in Botswana’s capital Gaborone, that the report was “false” and “ludicrous,” according to IDEX Online.
