Production of Diamond in Botswana reached 24,454.05Thousand Carats in 2023
Production grew by a CAGR of 13% between 2020 to 2023,and is expected to grow by...
GlobalData projects the production to decline at a CAGR of...
Diamond mining in Botswana
Botswana has deposits of diamond, copper, nickel and silver and mining plays an important role in the country’s economy. The diamond mining industry is export oriented and rough diamonds contributed major share of the country’s total exports revenue. Significant diamond reserves are found in the Central and Kgalagadi districts.
The diamond mining industry is dominated by De Beers SA. The country’s mining industry is governed by the Ministry of Mineral, Energy and Water Resources (MMEWR), and sub-departments such as the Department of Geological Survey (DGS), the Department of Water Affairs (DWA) and the Department of Mines (DoM). The Mines and Mineral Act, 1999, regulates laws related to the mines and the minerals sector. The act covers the issuance, renewal and termination of mineral concessions, provides for the payment of royalties, and covers all incidental and connected matters. 1
Factors affecting demand for Diamonds
Demand from end-use market
Global demand for polished diamonds is mainly influenced by the diamond jewelry sector. The US was the largest consumer of polished diamonds followed by China and India. The primary export markets for Botswana’s diamond were the US, India and Belgium.
Major rough diamond producers in Botswana
De Beers SA
De Beers SA (De Beers) is a diamond mining and marketing company involved in the exploration, mining and marketing of rough diamonds. The company produces and markets rough diamonds from its mining operations located in Botswana, Namibia, South Africa and Canada. In Botswana and Namibia, it owns diamond mines in equal shares with the respective governments through joint ventures Debswana Diamond Company Pvt Ltd and Namdeb Diamond Corporation Pvt Ltd respectively.
Lucara Diamond Corp.
Lucara Diamond Corp (Lucara) is a mineral exploration and mining company headquartered in Canada. Its two prime projects are the Karowe and the Mothae diamond mines in Botswana and Lesotho respectively. The Karowe mine is located in the north-central part of Botswana and contains diamond in the Kimberlite ore, tri-lobate Kimberlite pipe.
Gem Diamonds Ltd
Gem Diamonds Ltd is the UK based diamond mining company. The company conducts mining, exploration, technical, financial, management consulting and marketing services. The company is active across Botswana, Mauritius, Belgium, Lesotho, the UK and South Africa. In Botswana the company operates the wholly owned, Ghaghoo mine which is located in Kalahari Game Reserve.
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