Botswana’s Diamond Exports Double in Q1May 09, 10
The Jwaneng diamond mine at sunset. Jwaneng is
Botswana's richest diamond mine
The revival in diamond exports, while not complete, is important for Botswana, which relies heavily on the contribution of diamonds to the country’s economy.
More than half of the quarterly exports, $252.6 million, were in January, according to figures released last week by Botswana's Central Bank. In February, Botswana exported $171.5 million worth of diamonds, falling to $52.9 million in March.
In 2009, Botswana exported $2.18 billion worth of rough diamonds, the country’s lowest diamond exports since 2003. In the past few years, Botswana’s diamond exports exceeded $3 billion, peeking at $3.41 billion in 2006.
Botswana is a leading global diamond producer, along side Russia, and therefore major changes in the country’s production have a great impact on the global supply of rough diamonds.