Data released by the Bank of Botswana (BoB) on Monday show that diamond exports in May were nearly 20% down from May 2011, reports Mmegi online.
In United States dollar terms, May exports were pegged at $324 million, being nearly 45% from their April levels.
“This (was) on account of exports of polished diamonds that were inadvertently excluded from the previous estimates,” the BoB said. “The estimates for diamond exports combine sales data for rough diamonds provided by the Diamond Trading Company Botswana (DTCB) with exports of polished diamonds taken from the trade statistics produced by Statistics Botswana.
“The latter are available only after a lag of one to two months, resulting in sometimes significant upward revisions to the initial estimates, which only include rough diamonds.”