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Global Dominoes: Debswana Diamond Sales Jump 73%

The rise is attributed to the reopening of US and China's consumer markets
Diamond Mine Orapa Botswana
Credit: Debswana

Debswana, a joint venture between Anglo American business De Beers and the Botswana government, has reported that its sales of rough diamonds jumped 73% in the first nine months of 2021 “driven by the reopening of US and China’s consumer markets,” according to Mining Weekly.

 

Diamond Mine Botswana Debswana
Credit: Debswana

 

Exports of diamonds from Debswana totaled $2.59 billion in the first nine months of the year, compared with $1.50 billion in the same period of 2019.

 

Debswana's Orapa diamond mine
Credit: De Beers

 

In September, Ratings agency S&P revised its outlook on Botswana – from Negative to Stable – saying it expects that “economic rebound, supported by a strong diamond sector recovery, will lead to a material improvement of fiscal and external performance over the next two years.”



Tags: Diamonds News, Diamond Prices News, De Beers News

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