Diamond sales on track to smash six-year record
Friday, August 05, 2022 | 760 Views |
![Grinding on: Diamonds are on track to set a new sales record this year PIC: DEBSWANA.COM](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2022/08/05/45852.jpg&w=800&q=72&f=jpg)
Grinding on: Diamonds are on track to set a new sales record this year PIC: DEBSWANA.COM
The exports in the half-year to June 30 compare favourably to the P38.1 billion full-year sales figure for 2021, which in turn represented the highest level since 2016.
Debswana sells 25% of its production to state-owned diamond trader, Okavango Diamond Company and the balance through the De Beers sales platform. While some rough diamonds sold by De Beers to cutting and polishing firms are in turn sold as jewellery locally, the majority of Debswana’s production is exported abroad.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...