US EditionBotswana, 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.
18 Articles
18 Articles
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.
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.
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 […]
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