Botswana News

Sales of rough diamonds jumped 64% year-on-year

Diamond traders recorded a massive growth of 44.8%

During Q3, Lucara raked in $72.7 million in revenue - a 57% increase over Q2

Ratings agency S&P has revised its outlook on Botswana - from Negative to Stable

The stone “is the largest rough diamond to be shown in the US”

It is the largest fancy pink gem to be recovered in Botswana

The gem might be a part of a bigger 2,000-carat stone

The stone was discovered at Jwaneng, the world’s richest mine by value

The Cut-9 project will extend the life of the mine until 2035

Botswana and De Beers’ huge 10-year sale agreement is expected to expire by the end of 2020

The stone weighing 20.46 carats is expected to be sold during 2019

The stone was part of one large piece of rough "weighing at least 2,774 carats"

De Beers has raised its diamond production forecast to 35-36 million carats in 2018

Botswana will demand to independently sell double the amount of rough

Botswana Diamonds said it is in “advanced negotiations" with a potential new partner,

Lucapa has re-scheduled the drilling programme “due to delays with environmental approvals”

Diamond production fell 5% to 8.7 million carats as well as rough sale volumes

Botswana Diamonds and Vast Resources have finalised an agreement for the development of Marange