Debswana in cautious 10% output ramp

Most of Botswana's markets for diamonds are flat on the back of the sluggish global economic conditions while the Indian market, the largest cutting and polishing centre in the world, has been hard hit by exchange rate and liquidity constraints.

Addressing the media in Gaborone this week, Debswana Managing Director Jim Gowans said the diamond market only realised some growth in the first six months of the year but the mood has been flat since then.