Diamond output slashed to 5,2 million carats

The latest official production guidance rules out chances of the sector meeting the government's ambitious 2025 production target of 12 million carats set in 2020.

TREASURY has revised downwards the national diamond output for 2025 by 3,8 percent to 5,2 million carats from the previous estimate of 5,4 million carats on subdued performance arising from headwinds within the sector.Despite the downward projection, the country is still expected to beat last year’s production output of 5,1 million carats, riding on investments…

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