Botswana’s Debswana annual diamond sales jump 64%

Sales of rough diamonds by Debswana Diamond Company jumped 64% in 2021, statistics released by the Bank of Botswana showed on Monday, driven by the reopening of key global consumer markets. The total value of Debswana’s diamond exports stood at $3.466 billion in 2021 compared with $2.120 billion in 2020, the central bank data showed.

Debswana’s production increased by 35% to 22.326 million carats in 2021 from 16.559 million carats in 2020, mostly due to higher-grade ore being treated at its flagship Jwaneng mine, Anglo American said. Russia’s Alrosa, the world’s largest producer of rough diamonds and a competitor of De Beers, reported revenue jumped by 49% to $4.2 billion last year as demand exceeded supply. jQuery.on { event.preventDefault; jQuery.animate).offset.top }, 500); }); jQuery.ready { jQuery.bind { jQuery.

Source: News Formal (newsformal.com)

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