Debswana to cut output

Debswana’s Managing Director Balisi Bonyongo said, the Diamond Company will cut diamond production at its mines as the company tries to match demand in the short to medium term.

The company would prefer to keep the diamonds in the ground until the market to recovers.

Bonyongo said that the company expected the market to return to normal after it slowed in the last year. In part due the liquidity constraints in India.

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