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Botswana’s Debswana has cut its 2015 production target by 3 million carats, Reuters reported. Debswana is the largest diamond producer in the world.
Botswana’s Debswana has cut its 2015 production target by 3 million carats, Reuters reported. Debswana is the largest diamond producer in the world.
As quoted in the publication:
Botswana’s Debswana, the world’s biggest diamond producer by sales value, has cut its 2015 production target to 20 million carats from 23 million carats, its secretary for economic and financial planning Taufila Nyamadzabo said on Friday.
“We had to revise our 2015 growth forecast from 4.9 percent to 2.6 percent due to (a) downturn in the global diamond market,” Nyamadzabo said.