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Botswana's Diamond Exports -61% in July
Sep 2, 2012 4:38 AM
By Avi Krawitz
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RAPAPORT... Botswana’s diamond exports fell 61 percent year on year to $260.4 million in July 2012, according to data released by the Bank of Botswana. During the first seven months of the year, the country’s diamond exports declined by 31 percent to $2.28 billion. However, the bank restated Botswana’s exports for the second quarter to $1.03 billion from $889.5 million previously reported.
Botswana's diamond exports are expected to increase significantly in August after De Beers relocated its sorting activities from London to Gaborone during the month.
The bank’s data is a representative sample of the country's full diamond trade and is sourced from the Diamond Trading Company Botswana, Leo Schachter Botswana, Teemane Manufacturing Co. and the Central Statistics Office.
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Tags:
Avi Krawitz, Botswana, De Beers, Diamond Trading Company, diamonds, DTC, Leo Schachter Botswana,, Rapaport, Teemane Manufacturing Co.
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