[miningmx.com] – DEBSWANA Diamond Company, a joint venture between the Botswana government and Anglo American’s De Beers, would cut output until demand improved for the precious stone, said Reuters.
“We will produce to demand. We would rather keep our goods in the ground and wait for the market to recover,” Debswana director Balisi Bonyongo, told Reuters. The global rough diamond market may recover in the second half of 2015, he added.
The company, which produced a peak of 34 million carats of diamonds in 2007, will produce between 23 million and 26 million carats a year in the medium to short term as the company tries to match demand, said Bonyongo.
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