Is Botswana Getting A Raw Deal From De Beers Diamonds - The World News -

So, is Botswana getting a raw deal from De Beers? The new sales agreement represents an improved financial arrangement, but it is a deal signed in the middle of a market earthquake. The percentages and quotas mean little when the entire global industry is in a state of crisis.

Botswana lacks the independent capacity to verify if it is getting true market value. So, is Botswana getting a raw deal from De Beers

Diamonds account for approximately 30% of Botswana's GDP, 70% of its export earnings, and a massive chunk of government revenue. Botswana lacks the independent capacity to verify if

This dynamic changed under the administration of President Duma Boko. A finalized, comprehensive 10-year sales agreement and a 25-year extension of Debswana’s mining licences through 2054 fundamentally altered the profit split: Latest Group news - De Beers Group A finalized, comprehensive 10-year sales agreement and a

For decades, Botswana has been hailed as one of the few African nations to successfully bypass the notorious "resource curse". Discovered in the 1960s, just as the country gained independence, diamonds quickly transformed Botswana from one of the world's poorest countries into an upper-middle-income economy.