De Beers Botswana Targets Highest Diamond Production Since 2014
- Miner aiming for 22 million carats this year, above target
- Strong demand from U.S. helping global diamond sales
An employee inspects unpolished diamonds at the De Beers headquarters on Charterhouse Street in London, U.K., on Wednesday, Feb. 1, 2017. SECOND SENTENCE HERE
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
De Beers, the world’s biggest diamond producer by value, said its unit in Botswana is on track to produce the most since 2014 this year, exceeding its annual production forecast.
Debswana, as the local division is known, will likely produce 22 million carats this year, exceeding its 20.5 million-carat target, Gareth Mostyn, De Beers’s executive head of strategy, said in a July 27 interview in Gaborone, the capital. De Beers, which also has operations in Canada, Namibia and South Africa, kept its total forecast for the year at 31 to 33 million carats.