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Botswana Rough Exports Drop
Aug 21, 2017 8:46 AM
By Rapaport News
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RAPAPORT... Botswana’s rough-diamond exports declined 9% year on year in the first half, according to data the Bank of Botswana
released recently.
Exports grew 3% year on year to $849.6 million in the first
quarter, but fell 18% to $804.1 million in the second quarter, giving a total of $1.65 billion for the six months, the figures
showed.
The decline largely reflects a 6.5% drop in first-half rough
sales by De Beers, whose diamond-mining joint venture with Botswana, known as
Debswana, accounted for about 70% of the company’s carat production during the
period.
Image: Orapa mine, Botswana. Credit: Debswana
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Tags:
Botswana, De Beers, Debswana, mining, Rapaport News, Rough Diamonds, rough exports, rough trade
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