Debswana Rough Diamond Sales Down 17%

By John Jeffay / August 08, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Rough diamond sales at Debswana fell by 17 per cent during the first half of this year, amid ongoing weak demand.The 50/50 joint venture between De Beers and the Botswana government sold 12.7m carats for $2.179bn, down from $2.622bn during the same period last year, according to the Bank of Botswana.It follows a bumper year for Debswana in 2022, when rough sales increased by almost a quarter as buyers shunned Russian goods.Total revenue for the year hit a record $4.588bn, but market uncertainties have hit sales of late.Debswana mines the vast majority of Botswana's diamonds. At the moment De Beers sells 75 per cent and state-owned Okavango Diamond markets the remainder.A new deal agreed last month will see Okavango's share increase to 50 per cent over the next decade.Pic shows Orapa mine, courtesy Debswana. 

Recent News

Rising metals price volatility over past month

January 12, 2026 / www.canadianminingreport.com

Gold stocks surge ahead of equities on metal price gain

January 12, 2026 / www.canadianminingreport.com

Base metals outlook for 2026 opaque after decent rise last year

January 07, 2026 / www.canadianminingreport.com

Gold and silver stocks far outpace the major markets

January 07, 2026 / www.canadianminingreport.com

Bank of Japan boosts rates, continuing an unwinding carry trade

December 22, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok