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- In 2022 half of the world’s diamonds were mined in Africa
- Botswana is the second-biggest diamond producer. The Democratic Republic of Congo and South Africa are also in the top five
- Russia produces the most diamonds by volume but the value of Botswana’s diamond output is higher. In 2022 it was worth $4.7-billion; Russia’s was $3.5-billion
Botswana has a reached a new agreement with DeBeers which gives it a larger portion of the diamonds mined in the country to sell. Under the new agreement the state-owned Okavango Diamond Company (OKD) will get 30% of the diamonds mined by Debswana, a joint venture between the Botswana government and De Beers. OKD previously got 25%, with the remainder going to DeBeers. By the end of the 10-year agreement OKD’s share will increase to 50%.
— 11 July, 2023Subscribe to the weekly newsletter for more charts like this
