In Botswana Diamonds Losing Some Of Their Sparkle

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In Botswana Diamonds Losing Some Of Their Sparkle

By: devona walker (Add to your loop)
Tue, 10/20/2009 - 16:58

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According to the Global News Network, a slump in demand for diamonds caused by the world’s global recession is presenting a major challenge for newly-re-elected President Ian Khama.

"We have always appreciated that our dependence on diamonds as a major revenue earner does leave us vulnerable and therefore the need to diversify is very important," President Ian Khama said. Botswana produces 22 percent of the world's diamonds. Diamonds account for roughly 50 percent of the government's revenue. (Global News Network)

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