Debswana diamond sales pick-up

source: Mmegi
Brian Benza
Staff writer

In what could be a boost to government’s shrunken national purse, Debswana says it has recorded encouraging diamond sales in the first quarter of the year as the market recovers along with the global economy.

Speaking at a 2009 annual review briefing in Gaborone last week, Debswana managing director, Blackie Marole said prospects for 2010 and beyond look good and the sale of diamonds in the first three months of the year is already showing positive signs.

Due to the world economic crisis, Debswana only produced 17 million carats in 2009 down from 32 million carats in 2008 leading to a 50 percent cut in revenue to the national coffers from the diamond mining giant.

The company says it is [continue reading]

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