US EditionBotswana Diamond Giant Debswana Slashes Output as Demand Falls
- Botswana's Debswana Diamond Company announced it is temporarily pausing production at several mines as of June 2025 due to weak global demand.
- The production cut follows a prolonged downturn in the global diamond market since mid-2023 that caused a 46% drop in Debswana's 2024 revenues.
- Debswana plans to reduce output from 17.93 million carats in 2024 to 15 million carats in 2025, pausing major operations at Jwaneng Cut 9 and Orapa mines.
- Debswana stated the output pause aims for "significant cost savings" on fuel and electricity while stressing no involuntary job cuts are planned.
- This reduction implies challenges for Botswana's economy, which contracted 3% in 2024 and relies on diamonds for about 30% of GDP and 80% of export revenue.
14 Articles
14 Articles
In Botswana, diamond production is going to slow down a little further. The mining giant Debswana, held equally between the Botswana government and the De Beers group, announces a further reduction in its production. The group invokes the slowdown in global demand for diamonds.
Debswana Pauses Production at Some Mines Amid Weak Market
Debswana, the 50-50 joint venture between De Beers and the Botswana government, will temporarily halt output at some sites and has reduced its rough guidance for the full year. The move, which is due to persistent weak demand for rough diamonds, will see production at the Jwaneng Cut 9 and Orapa mines put on hold for three months, according to a report from Reuters Friday. Debswana accounts for approximately 90% of Botswana’s diamond sales. Th…
Botswana's Debswana curbs diamond production as weak demand persists - Zimbabwe News Now
GABORONE, Botswana – Botswana’s Debswana Diamond Company is temporarily pausing production at some of its mines, cutting output in response to prolonged weakness in the global diamond market, it said on Friday. The global diamond market has experienced a downturn since the second half of 2023, which caused Debswana to cut production by 27 percent to 17.93 million carats in 2024. Debswana, which accounts for about 90 percent of Botswana’s diamond…
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