Botswana & De Beers: A Historic Diamond Deal
Botswana and De Beers have finalized a landmark 10-year diamond sales agreement, strengthening a partnership that has shaped the global diamond industry for decades. Why is this deal significant? Botswana is the world’s leading diamond producer by value and relies on diamonds for 80% of its exports and 25% of its GDP. The new agreement secures a greater share of diamond sales for the country while reinforcing De Beers’ long-term presence in this key market. Key aspects of the agreement ✅ Increased share for Botswana – the government’s share of Debswana’s diamond sales will rise from 25% to 30% for the first five years, then 40% for […]