21 Jul 2019
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Growing Diamonds
Botswana is reportedly the world’s largest producer of diamonds by value, with diamonds accounting for 81 per cent of total minerals contribution to country’s GDP. Kavita Parab explores this nation further.
By: Diamond World News Service
Oct 16 2017 11:56AM
Reference: 15720  

Botswana has deposits of diamond, copper, nickel and silver and mining plays an important role in the country’s economy, accounting for 22.9 per cent of the country’s GDP in 2014. The diamond mining industry is export oriented and rough diamonds contributed approximately 70 per cent of the country’s total exports revenue, valued around US$1.7 billion in the first six months of 2015, says research reports.Botswana had the world’s third-largest diamond reserves at the end of 2014, with 130 million carats (Mct) or 17.8 per cent of the global total. Significant diamond reserves are found in the Central and Kgalagadi districts.

Major Rough Diamond Producers in Botswana

De Beers
De Beers has a portfolio of four companies in Botswana – De Beers Holdings, Debswana, Diamond Trading Company Botswana and De Beers Global Sightholder Sales.

Their companies in Botswana are experts in the rough diamond chain and operate in close partnership with the Government of the Republic of Botswana, an unparalleled partnership that has lasted since the country’s independence 50 years ago.

The Government is De Beers’ most important partner, and Botswana is the company’s biggest producer country.

The Botswana and De Beers partnership makes a significant contribution to GDP and jobs – through direct employment, contractor work (indirect) and the jobs created in the supply chain (induced). See the figure below for more detail*:

Debswana is the largest private sector e mployer in Botswana, with more than 4000 staff members. These are mainly found on mining sites, along with just over 5000 fixed-term contractors and a small staff complement at the Debswana Corporate Centre in Gaborone, Botswana’s capital. Diamond mining operations are located at Orapa, Letlhakane, Damtshaa (OLDM) and Jwaneng. These four mines have contributed significantly to the economic growth of Botswana, as well as producing revenues responsible for lifting the country from one of Africa’s least developed to an international development success story. Botswana is now a middle-income country independent in means as well as name.

Debswana also owns and operates the Morupule Coal Mine. Debswana is a key player in the national economy of Botswana. In 2014, diamond exports accounted for about half of government revenues and a third of GDP.

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