DeBeers produced 7.2 mn cts in 3Q
Rough production tumbled by 4%! Full Year Production guidance unchanged In a Production Report for the Third Quarter of 2020, DeBeers Group said, rough diamond production decreased by 4% to 7.2 million carats driven by planned reductions in production to reflect the lower demand for rough diamonds due to the Covid-19 pandemic, Covid-19 related measures remain in place to safeguard the workforce while maintaining operational continuity. In Botswana, production decreased by 15% to 4.8 million carats due to the planned treatment of lower grade material at both Jwaneng and Orapa, with production targeted at levels to meet lower demand. Namibia production decreased by 43% to 0.2 million carats as the marine fleet suspended production for part of Q3 to reflect lower demand and one vessel was in dock for planned maintenance during the period. South African production increased to 1.2 million carats due to an expected change in ore mix, with more ore sourced from the h...