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.
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.
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.”
