Diamond sales at Botswana's Debswana hit record high in 2022
Published on: Tuesday 31 January 2023
Rough diamond sales by Debswana Diamond Company reached record levels in 2022, data showed on Tuesday, as Western buyers shunned Russian stones and Botswana profited from steady global demand for diamond jewellery. A joint venture between Anglo American unit De Beers and Botswana's government, Debswana sells 75% of its output to De Beers with the balance taken up by the state-owned Okavango Diamond Company. Sales of diamonds from Debswana stood at $4.588 billion in 2022 compared to $3.466 billion in 2021, the central bank data showed.
