Precious Metals Mining in Botswana to 2020 - a Focus on the Diamond Industry

The country’s rough diamond production is expected to reach 25.3 million carats by 2014 and 32.2 million carats in 2020. In 2009, the county’s diamond industry declined sharply due to the global economic crisis, emphasizing the country’s reliance on export demand, leading to a fall in rough diamond production. Botswana’s rough diamonds are mostly exported to the US, Europe and Japan. These three destinations made up 84.7% of the country’s total exports in 2012.