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

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.

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.

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.

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

De Beers Confirms Successful Conclusion to Botswana Negotiations

De Beers has concluded negotiations with the Botswana government for a new rough sales agreement as well as the extension of current mining licenses.  Reaching the deal has been a protracted process, with the parties extending the previous contract several times since it expired in 2021. Although they signed an agreement in principle in June 2023 and a “heads of terms” document in September of that year, the deal remained unfinalized due to ongo…

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.