Is Botswana Getting A Raw Deal From De Beers Diamonds - The World News | 100% TOP-RATED |

"raw deal"

Historically, and De Beers have shared a 50-year partnership described as the world's most successful public-private venture. However, recent years saw growing tension as Botswana’s leadership argued the country was getting a by being restricted primarily to mining rather than the more profitable cutting, polishing, and retailing sectors . 💎 The New "Fair" Deal (2025)

3. Market Dynamics and Monopoly Power

For decades, De Beers held a near-monopoly on global diamonds. Today, that monopoly has eroded due to the rise of synthetic (lab-grown) diamonds and competition from Russian giant Alrosa. As De Beers’ market power wanes, Botswana is re-evaluating its reliance on the company. Some analysts argue that De Beers needs Botswana’s high-quality gems more than Botswana needs De Beers, and the current contract does not reflect this shifting leverage. "raw deal" Historically, and De Beers have shared

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The mining agreement between De Beers and the government of Botswana has been the subject of much debate. The agreement, which was signed in 1971, gives De Beers the rights to extract diamonds from the Orapa mine for a period of 25 years. The agreement was later extended to cover the Jwaneng mine, and in 2004, the government of Botswana and De Beers signed a new agreement that extended the life of the Orapa mine until 2035. "raw deal" Historically

De Beers Group

The discussion surrounding whether Botswana is getting a "raw deal" from has shifted significantly following the formal signing of a new partnership agreement in February 2025 . While historical sentiments—including those from former President Masisi—suggested Botswana was previously undervalued, the current consensus under President Duma Boko leans toward a more balanced, "transformational" relationship. Recent Developments (as of April 2026) which was signed in 1971

  • Botswana De Beers Debswana history
  • Diamond beneficiation Botswana policy
  • De Beers Central Selling Organisation timeline