Botswana's President Predicts Diamond Recovery

By John Jeffay / November 11, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Botswana's president says he expects diamond production to bounce back after exports were almost halved by COVID-19 and the resulting travel restrictions.Exports fell 42 per cent to $1.49bn in the first nine months of 2020 as production fell 29 per cent to 12.3m carats," said Mr Masisi during the state of the nation address on Monday.But he said there were signs of a recovery and predicted that the mining sector in general would grow by 14.4% next year."The diamond markets in the United States, China and Europe are beginning to show sign of recovery and are expected to stabilise by December 2020," he said.Botswana, the world's top diamond-producing country by value, officially entered recession last month following a collapse in the mining sector, which represents a fifth of its economy.

Recent News

Bank of Japan boosts rates, continuing an unwinding carry trade

December 22, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market slide

December 22, 2025 / www.canadianminingreport.com

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok