Till now, the diamond industry has been accounting for 80% of the country's total export earnings while providing thousands of job opportunities to the citizens. The export of diamonds and the continuous functioning of the mining industries in Botswana dates back to the late 1960s. The country's ownership structure sets Botswana apart from the other diamond-producing countries. Recent trade statistics have reported that Botswana owns a stake of 51% in all diamond mines, unlike the other African nations where foreign companies dominate their natural resources.

The export of diamonds from Botswana has come a long way from a staggering rate of 3.6 billion US dollars in 2019 to 4 billion US dollars in 2024. The advancements in new mining projects with improved production processes and favorable marketing conditions have fostered the revenue rate. The joint venture between the governments of Botswana and the De Beers Group contributes a major share of the overall export market of diamonds.

The Major Diamond Mines of Botswana

The country known for its rich natural resources and diamond reserves has recorded itself as one of the top producers and exporters of diamonds in the entire world. Around 20% of the GDP is contributed by the diamond export industry, setting records as one of the top export commodities. According to the Botswana Customs Data, the top diamond mines of the nation in 2024 are,

1. Jwaneng Diamond Mine - The authority located in southern Botswana has recorded itself as the richest diamond mine in the world by value and size. The authority, being established in 1972, has been actively operating open-pit mines, leading to high-quality diamonds, including the most valuable ones ever found in the entire trade market.

2. Orapa Diamond Mine - The Orapa Diamonds Mine located in Southern, Botswana is right now one of the largest open pit mines operating globally and contributing to Botswana's diamond export. The authority, established in 1967, has solidified its position with high-quality gems, contributing a huge revenue rate share.

3. Karoge Diamond Mine - The authority situated in central Botswana began operations in 2012. It has become popular for its large high-quality diamond production, with variations including the 1,109-carat Lesedi Larona.

Export Trade Trends of Diamonds in Botswana Past 5 Years

Trade Overview of Botswana 2024

Major Exported Diamond Variants of Botswana in 2024

Botswana has been continuously introducing a divergent variance of its diamond production in the international supply. According to the Botswana Export Data, the top 10 leading variants of diamonds exported from the nation in 2024 are,

1. Round Brilliant Cut Diamonds - The export trade value of Round Brilliant Cut Diamonds - 543 million US dollars.

2. Princess Cut Diamonds - The export trade value of Princess Cut Diamonds - 342 million US dollars.

3. Cushion Cut Diamonds - The export trade value of Cushion Cut Diamonds - 287 million US dollars.

4. Oval-Cut Diamonds - The export trade value of Oval-Cut Diamonds - 165 million US dollars.

5. Emerald Cut Diamonds - The export trade value of Emerald Cut Diamonds - 157 million US dollars.

6. Marquise-Cut Diamonds - The export trade value of Marquise-Cut Diamonds - 125 million US dollars.

7. Asscher Cut Diamonds - The export trade value of Asscher Cut Diamonds - 89 million US dollars.

8. Pear Shaped Diamonds - The export trade value of Pear Shaped Diamonds - 65 million US dollars.

9. Heart Shaped Diamonds - The export trade value of Heart Shaped Diamonds - 47 million US dollars.

10. Radiant Cut Diamonds - The export trade value of Radiant Cut Diamonds - 32 million US dollars.

The Top Export Trade Partners of Botswana for Diamonds in 2024

The proactive strategic trade development of the nation with competitors worldwide has been fostering the annual revenue rate. According to the Botswana Trade Data, the top 10 export trade partners of the nation for diamonds in 2024 are,

1. United States - According to the USA Import Data, the annual valuation of diamonds exported from Botswana to the United States in 2024 - 439 million US dollars.

Top 5 Variants of Diamonds Exported

1. Round brilliant cut
2. Cushion cut
3. Pear shape
4. Emerald cut
5. Oval cut

2. United Arab Emirates - According to the United Arab Emirates Import Data, the annual valuation of diamonds exported from Botswana to the United Arab Emirates in 2024 - 387 million US dollars.

Top 5 Variants of Diamonds Exported

1. Heart shape
2. Trilliant cut
3. Calibrated pear shape
4. Baguette diamond
5. Radiant cut

3. China - According to the China Import Data, the annual valuation of diamonds exported from Botswana to China in 2024 - 265 million US dollars.

Top 5 Variants of Diamonds Exported

1. Fancy colored diamonds
2. Black diamonds
3. Champagne diamonds
4. Diamond slices
5. Octagonal cuts

4. India - According to the India Import Data, the annual valuation of diamonds exported from Botswana to India in 2024 - 187 million US dollars.

Top 5 Variants of Diamonds Exported

1. Octagonal cuts
2. Square radiant cuts
3. Trapezoid shaped diamonds
4. Flower-shaped rose cuts
5. Hexagon-shaped diamonds

5. Belgium - According to the Belgium Import Data, the annual valuation of diamonds exported from Botswana to Belgium in 2024 - 165 million US dollars.

Top 5 Variants of Diamonds Exported

1. Pentagon-shaped diamonds
2. Tapered baguette cuts
3. Euro-cut square-shaped stones
4. Shield-shaped fancy stones
5. Water drop-shaped gems

6. Israel - According to the Israel Import Data, the annual valuation of diamonds exported from Botswana to Israel in 2024 - 142 million US dollars.

Top 5 Variants of Diamonds Exported

1. Intense yellow cushion cuts
2. Pear rose faceted stones.
3. Mixed fancy shapes
4. Princess-cut emerald diamonds
5. Crown of Light Diamonds

7. Switzerland - According to the Switzerland Import Data, the annual valuation of diamonds exported from Botswana to Switzerland in 2024 - 122 million US dollars.

Top 5 Variants of Diamonds Exported

1. Princess diamond center stone
2. Emerald Cut Tapered Baguettes
3. Radiant cut trapezoid stones
4. Jadeite diamonds
5. Champagne oval-shaped stones

8. Hong Kong - According to the Hong Kong Import Data, the annual valuation of diamonds exported from Botswana to Hong Kong in 2024 - 89 million US dollars.

Top 5 Variants of Diamonds Exported

1. Round brilliant modified square shape
2. Pear-shaped Asscher cuts
3. Fancy kite-shaped stones
4. Boat-shaped fancy yellow stone
5. French-cut baguette diamond candy bar

9. Thailand - According to the Thailand Import Data, the annual valuation of diamonds exported from Botswana to Thailand in 2024 - 76 million US dollars.

Top 5 Variants of Diamonds Exported

1. Starburst Shapes Diamond collection
2. Marquise Cut Diamonds
3. Pear-Shaped Diamonds
4. Oval-Cut Diamonds
5. Emerald Cut Diamonds

10. Japan - According to the Japan Import Data, the annual valuation of diamonds exported from Botswana to Japan in 2024 - 65 million US dollars.

Top 5 Variants of Diamonds Exported

1. Heart-Shaped Diamonds
2. Trillion-Cut Diamonds
3. Cushion Brilliant Cut Diamonds
4. Old Mine Cut Diamonds
5. Antique Diamond Cuts

CONCLUSION

The diamond industry serves as a crucial aspect of Botswana's economic growth. The sector has been transforming the country from one of Africa's poorest nations to a middle-income country. Import Globals provides detailed insights into Botswana's diamond shipment in 2024 with quality and quantity supplied to the importing destinations for catering to the users' needs towards the latest trade intelligence.

FAQ'S

Que. What is the export trade value of diamonds from Botswana in 2024?
Ans. The export trade value of diamonds from Botswana in 2024 is 4 billion US dollars.

Que. Who is the top export trade partner of Botswana for diamonds in 2024?
Ans. The US is the top export trade partner of Botswana for diamonds in 2024.

Que. Name the top diamonds exported variant of Botswana in 2024.
Ans. Round brilliant cut diamonds are the top diamond exported variant of Botswana in 2024.

Que. Where can you get a detailed trade analysis of the diamond export of Botswana in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the diamond export of Botswana in 2024.

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