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Diamonds are Bullshit-worthless
pariah
#1 Posted : Wednesday, March 20, 2013 10:26:18 AM
Rank: Member


Joined: 11/24/2011
Posts: 833
a4architect.com
#2 Posted : Wednesday, March 20, 2013 2:14:14 PM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
Botswanas economy relies on diamonds. This is not good news for its economy. If US decides not to consume diamonds, then the economy comes tumbling down.

http://www.iss.co.za/Af/...s/Botswana/Economy.html
The diamond sector continues to be the mainstay of the economy - it accounts for about one-third of GDP, more than 45% of government revenue, and about 75% of export earnings. Botswana is now the world's leading diamond producer, producing 29% of the world's value in 1998. Sales in 2000 hit record figures of US$5.67bn. The expansion in diamond output, which is now at capacity, combined with the exploitation of copper-nickel deposits, has enabled Botswana to amass foreign exchange reserves equal to more than two years’ imports.
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