BOTSWANA DIAMONDS
March 1st, 2003
BY RICHARD HURST
BOTSWANA'S diamond sales rose by 4.7 per cent to US$2.17 billion in 2002, due mainly to a buoyant US market, according to Debswana, the company responsible for all the country's output, which is a partnership between the Botswana government and the South African mining company De Beers. Louis Nchindo, Debswana managing director, said that Botswanan diamond production over the year had been 28.4 million carats and that US sales had defied its expectations despite lacklustre sales in Japan and Europe.
BOTSWANA'S diamond sales rose by 4.7 per cent to US$2.17 billion in 2002, due mainly to a buoyant US market, according to Debswana, the company responsible for all the country's output, which is a partnership between the Botswana government and the South African mining company De Beers. Louis Nchindo, Debswana managing director, said that Botswanan diamond production over the year had been 28.4 million carats and that US sales had defied its expectations despite lacklustre sales in Japan and Europe.
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