Botswana Q3 Rough Diamond Exports Fall Sharply

Rough Market
03/11/2015 16:17

Given De Beers' very weak recent sights and its 22 Oct. announcement that its diamond production for the third quarter of 2015 decreased 27% to 6 million carats, with Q3 production by Debswana - a joint venture between the Botswana government and De Beers - decreasing 35% to 4.1 million carats, it comes as no surprise that exports of rough diamonds from mines in Botswana fell 41% to $531.9 million in the third quarter to September. July exports from Botswanan mines were zero, while September exports were low at $173.4 million, according to the Bank of Botswana. The August figure was higher at $358.5 million. Exports for the nine months to September were down 23% to $2.3 billion.