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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Diamond Production

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Business / Economics

25 October 2024 Morning Biz News Update: Key Developments in Global Markets

In the latest business news, several significant developments have emerged that could impact global markets and economies. Here’s a summary of key highlights from various sectors: Diamond Production Decline Diamond production has witnessed a notable decline of 14% in the third quarter of 2024, with total output reported at 0.5 million carats. The De Beers Group attributed this decrease to a strategic decision to scale back production at Debmarine Namibia. […]

todayOctober 25, 2024 17

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Africa

Botswana’s economy contracted in Q1

Botswana’s economy contracted after diamond production dropped. Gross domestic product shrank an annual 5.3% in the first quarter, compared with growth of 1.9% in the prior three months. The downturn, according to Statistics Botswana was primarily influenced by a decrease in real value added of the diamond traders and mining & quarrying industries of 46.8% and 24.8% respectively. Botswana is the world’s largest producer of rough diamonds by value, with the […]

todayJuly 1, 2024 14

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