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Botswana, De Beers reach diamond sales agreement after years of negotiations

Botswana and De Beers have reached a new, 10-year sales agreement after negotiations that began in 2019, as stated by the government of Botswana and De Beers.
Under the new agreement, Botswana can sell 30% of rough diamonds mined, increasing to 50% by 2035, according to the terms of the deal.
De Beers CEO Al Cook praised the new government for concluding the talks smoothly, contrasting with the previous tense negotiations under former President Mokgweetsi Masisi.
The World Diamond Council expressed happiness over the deal, highlighting its importance for stability in the diamond sector amidst global supply chain disruptions, as noted by Elodie Daguzan.

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Africa News

Botswana secures enhanced 10-year diamond deal with De Beers

The government of Botswana finalized a significant diamond sales agreement with De Beers on Tuesday, marking the end of seven years of negotiations that are vital for the nation's economy.

23 days ago·Pointe-Noire, Congo

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Bloomberg

The $80 Billion Diamond Market Crash Leaves De Beers Reeling

A slump in demand has left De Beers floundering — and threatens to frustrate its owner’s plans to sell what was once the titan of the industry.

1 month ago·United States

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allAfrica

Botswana, De Beers Reach Diamond Sales Agreement After Years of Negotiations

Gaborone, Botswana -- The government of Botswana and South African diamond firm De Beers say they have reached a new, 10-year sales agreement following talks that had dragged on since 2019. Analysts say the diamond industry is sure to welcome the deal, as Botswana, after Russia, is the world's second-largest producer of diamonds.

2 months ago·South Africa

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VOA News

Botswana, De Beers reach diamond sales agreement after years of negotiations

Under terms of new agreement, Botswana’s government will be allowed to sell 30% of rough diamonds mined through joint mining venture with De Beers

2 months ago·United States

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Times Live

De Beers agrees on fresh sales agreement with Botswana

Miner Anglo American's diamond unit De Beers said on Monday it had finalised negotiations with the Botswana government for a new rough diamond sales agreement and extended mining licences for its joint venture beyond 2029.

2 months ago·Johannesburg, South Africa

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independentpress.cc

BOTSWANA AND DE BEERS STRIKE DEAL ON ROUGH DIAMOND SALES

Tue 04 February 2025: Botswana announced on Monday that it has reached an agreement with De Beers, the world’s leading diamond company, to extract and sell diamonds, bringing confidence to the country’s diamond-dependent economy. “The government of Botswana and De Beers Group are pleased to announce the successful conclusion of negotiations focused on establishing a […]

1 month ago

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