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Botswana’s GDP in Q3 Boosted by Demand for Diamonds

Diamond traders recorded a massive growth of 44.8%
Diamond Mine Botswana Debswana
Credit: Debswana

Recent figures released by Statistics Botswana and quoted by IDEX Online shows that Botswana’s real GDP rose 8.4% year-on-year in Q3 of 2021, boosted by a “recovering demand for diamonds.”

 

Diamond Mine Orapa Botswana
Credit: Debswana

 

According to the report, “diamond traders recorded a massive growth of 44.8% as opposed to an increase of 6.2% recorded in the corresponding quarter of the previous year.” Diamond production in carats went up by 32.2% during Q3 2021.

 

Botswana
Credit: Pincasso

 

Meanwhile, Mining Weekly reports that, following a preliminary kimberlite assessment by Botswana Diamonds on its Thorny River diamond prospect in South Africa, “projected kimberlite volume is now “considerably higher than previous estimates at about two-million tonnes.”



Tags: Diamonds News, Diamond Industry News, Mining News, Botswana News

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