Botswana, De Beers Sign Diamond Deal

Botswana and De Beers Group have renewed their long-standing diamond partnership, signing a transformative agreement that extends mining licences for another 25 years and secures a decade-long sales deal.

The signing, which took place on Tuesday, 25th February, solidifies Botswana’s role in the global diamond industry and strengthens De Beers’ foothold in one of the world’s most valuable diamond reserves. The agreement, described as “groundbreaking” by De Beers CEO Al Cook, ensures that…