{"id":31969,"date":"2025-06-09T12:18:06","date_gmt":"2025-06-09T06:48:06","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=31969"},"modified":"2025-06-09T12:18:06","modified_gmt":"2025-06-09T06:48:06","slug":"debswana-slows-diamond-output-as-demand-slump-continues","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/debswana-slows-diamond-output-as-demand-slump-continues\/","title":{"rendered":"Debswana Slows Diamond Output as Demand Slump Continues"},"content":{"rendered":"<p>Debswana Diamond Company is cutting back production at several of its mines due to ongoing weakness in the global diamond market, according to a <em>Reuters<\/em> report published on Friday. The decision comes amid falling demand and mounting economic pressures, including recent tariffs imposed by the United States.<\/p>\n<p>The company, which is jointly owned by the Botswana government and De Beers, reduced its production by 27% in 2024 to 17.93 million carats, <em>Reuters<\/em> noted. Looking ahead, Debswana plans to further scale down output to 15 million carats in 2025.<\/p>\n<p>Debswana has temporarily halted operations at its Jwaneng Cut 9 and Orapa sites, in addition to suspending activities at the Letlhakane tailings plant and the Jwaneng Modular plant earlier this year. These measures are aimed at achieving significant savings on energy, fuel, and other input costs, the company said.<\/p>\n<p>\u201cDebswana Diamond Company continues to prudently navigate the challenging market conditions,\u201d it said in a statement cited by <em>Reuters<\/em>, highlighting persistent low demand and geopolitical challenges such as U.S. tariffs.<\/p>\n<p>While some capital projects will be delayed to conserve funds, Debswana confirmed that its Jwaneng underground expansion \u2014 a major long-term investment \u2014 will proceed as planned. No compulsory layoffs are expected, although the firm continues to offer voluntary separation packages.<\/p>\n<p>The diamond sector plays a vital role in Botswana\u2019s economy, accounting for roughly 30% of government revenue and 75% of foreign currency income. The prolonged market downturn contributed to a 3% contraction in the country\u2019s economy in 2024, with the IMF predicting a further 0.4% decline this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debswana Diamond Company is cutting back production at several of its mines due to ongoing weakness in the global diamond market, according to a Reuters report published on Friday. The decision comes amid falling demand and mounting economic pressures, including recent tariffs imposed by the United States. The company, which is jointly owned by the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31970,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-31969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Debswana Slows Diamond Output as Demand Slump Continues - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/debswana-slows-diamond-output-as-demand-slump-continues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Debswana Slows Diamond Output as Demand Slump Continues - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Debswana Diamond Company is cutting back production at several of its mines due to ongoing weakness in the global diamond market, according to a Reuters report published on Friday. The decision comes amid falling demand and mounting economic pressures, including recent tariffs imposed by the United States. 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