Fiscal boost as De Beers� rough sales rebound

Wednesday, April 13, 2016

Government gets 80 thebe from every Pula worth of diamonds Debswana sells to De Beers

Results of De Beers’ third rough diamond sale of the year possessed signs of a market in rebound, a development that will be a boon for fiscal authorities anticipating a P6 billion budget deficit for the 2016/17 financial year.

In its third sale of rough diamonds for the year held in Gaborone last week, De Beers recorded sales of $660m, marking a definite upward trend.

De Beers said in the first sale of the year, in January, it notched up sales of $545m, more than doubling the previous year’s final sale of $248m.

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