Diamond production will be reduced
According to foreign reports: the world's largest diamond producer Debswana's 20 announced by the global financial crisis, the company will reduce production of diamonds.
Debswana by the Government of Botswana and South Africa, a joint venture between De Beers, the annual production of about 33,000,000 karats of diamonds.
Debswana said that the financial crisis affecting the mining industry in the world, Debswana also be adversely affected. In the short term, the global economic downturn in the market for rough diamonds to reduce demand, the company has been well prepared to cut production.
For the future trend of the market, Debswana's optimistic attitude. The company said that with the reduction of global reserves, the diamond will be more expensive in the next 10 years, the diamond supply shortages and increased demand will promote the long-term development of the diamond industry to make it out of the global economic downturn within a short period of The negative impact of the industry.
At present, Botswana is the world's largest diamond producers, diamond export revenue accounts for one-third of total economic output.





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