Global demand for rough diamonds was strong in 2022 and Botswana diamond exports benefitted from sanctions on Russia’s diamond exports because of its invasion in Ukraine in February 2022, a report by Econsult says.
In its Q1 2023 report, the think tank indicates that total diamond exports recorded an increase of 20.4 percent y-o-y in 2022. However, on a quarter-on-quarter basis total exports fell by 35.2 percent between Q3 and Q4 2022.
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