https://en.sputniknews.africa/20250129/botswana-reportedly-secures-new-diamond-deal-with-de-beers-a-boost-for-economic-certainty-1070415049.html
Botswana Reportedly Secures New Diamond Deal With De Beers: A Boost for Economic Certainty
Botswana Reportedly Secures New Diamond Deal With De Beers: A Boost for Economic Certainty
Sputnik Africa
Botswana's newly inaugurated president, Duma Boko, is determined to promptly finalize a diamond sales agreement with De Beers. Although the previous... 29.01.2025, Sputnik Africa
2025-01-29T18:14+0100
2025-01-29T18:14+0100
2025-01-29T18:14+0100
sub-saharan africa
duma boko
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Botswana’s President Duma Boko announced that his government has reached a crucial diamond extraction and sales agreement with De Beers, bringing much-needed stability to the gem-dependent economy, media reported.Under the terms finalized by midnight on January 24, Botswana aims to promote its natural diamonds as premium products.With this deal, the country will focus on showcasing the provenance of its gems, ensuring that each sale supports national development.
https://en.sputniknews.africa/20250118/botswanas-economy-poised-for-2025-rebound-driven-by-global-diamond-market-recovery-1070235352.html
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duma boko, botswana, economy, de beers, diamonds, minerals
duma boko, botswana, economy, de beers, diamonds, minerals
Botswana Reportedly Secures New Diamond Deal With De Beers: A Boost for Economic Certainty
Christina Glazkova
Writer / Editor
Botswana's newly inaugurated president, Duma Boko, is determined to promptly finalize a diamond sales agreement with De Beers. Although the previous administration highlighted the deal's benefits, such as increasing Botswana's share in the Debswana joint venture to 50% over the next decade, it still awaits signing.
Botswana’s President
Duma Boko announced that his government has reached a crucial diamond extraction and sales agreement with De Beers, bringing much-needed stability to the gem-dependent economy, media reported.
"The issue with De Beers has been settled," Boko was quoted as saying. "[The new agreement had not resulted] in any major changes, just a little tweaking of things here and there."
Under the terms finalized by midnight on January 24, Botswana aims to promote its natural diamonds as premium products.
"We appreciate the threat posed by lab-grown diamonds. I don’t want to give them the privilege of calling them diamonds. Diamonds are natural," Boko reportedly emphasized.
With this deal, the country will focus on showcasing the provenance of its
gems, ensuring that each sale supports national development.
"We will market our diamonds in terms of their provenance and of the story behind the diamond," he added, highlighting the importance of this narrative for economic growth.
