Is Botswana Getting A Raw Deal From De Beers Diamonds - The World News !!better!! Jun 2026

Currently, diamonds from Botswana are often mixed with stones from South Africa, Canada, and Namibia before being sold. Botswana wants the right to sell its own stones independently—specifically through the state-owned Okavango Diamond Company (ODC) . De Beers is resisting, arguing that aggregation allows for better pricing consistency.

Date: March 23, 2026.

Policy options Botswana could pursue to capture more value Currently, diamonds from Botswana are often mixed with

In recent years, the Botswana government has taken steps to renegotiate its revenue sharing agreement with De Beers. In 2020, the government announced a new 10-year agreement, which includes a higher revenue share for the government and increased investment in local communities. Date: March 23, 2026

The diamond industry has had a significant impact on Botswana's economy. The industry has created thousands of jobs, both directly and indirectly, and has generated significant revenue for the government. However, critics argue that the industry has also had a negative impact on the country's economy. The diamond industry has had a significant impact

: Most rough diamonds were historically shipped abroad for cutting and polishing in hubs like India, depriving Botswana of higher-value manufacturing and retail jobs. Alleged Profit Shifting

Why the aggression now? Because Botswana finally has leverage. De Beers' supply from other major sources, like South Africa and Canada, has dwindled. Furthermore, sanctions on Russian diamonds (Alrosa) have tightened global supply. Botswana is currently the world’s largest producer of diamonds by value. Without Botswana’s output, De Beers would struggle to maintain its dominance in the market.