Botswana dimond trade plunges

Botswana’s rough diamond exports plunged 68% in the second quarter of the year, data published by the central bank showed on August 7, as the COVID-19 pandemic affected demand, and trade.

In a bid to curb the spread of the virus, Botswana closed its borders in March following the World Health Organisation (WHO) recommendations, preventing the international buyers from travelling to centres such as Mumbai, Antwerp and China who traditionally arrive to Gaborone ten times a year to buy diamonds.

Exports of diamonds from Debswana, a joint venture between Botswana and diamond mining giant De Beers, a unit of Anglo American, stood at $293 million in the second quarter of 2020, from $916 million in the preceding period.

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