Botswana’s Diamond Exports Down 38 Percent in 2015

February 10, 2016

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Reuters reported that Botswana’s diamond exports came to $2.4 billion in 2015. That’s a 38-percent fall from the $3.9 billion seen in 2014, and the country’s lowest level of exports in six years.

As quoted in the market news:

The figures don’t include diamonds that De Beers brings into Botswana from Canada, South Africa and Namibia for aggregation before re-exportation.

The bulk of Botswana’s diamond exports are from Debswana, a joint venture between the government and diamond giant De Beers.

Exports from Botswana are largely dominated by the four mines owned by Debswana.

Analysts at Consultancy firm, Econsult say that despite the immediate economic outlook remaining poor there is, however, some room for optimism for the diamond industry.

Click here to read the full Reuters report.

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Category: Gem