Sightholders Dither on De Beers Rough Despite Price Cut
12 December 2024 Customers faced a dilemma: Buy unprofitable goods or lose future allocations. When shoppers choose to buy diamonds…
Tag: De Beers
Boko and Cook: Botswana-De Beers deal is close
28 November 2024 The long-awaited deal between De Beers and the Botswana is close to completion, both sides told the…
De Beers hopes to seal Botswana seal in ‘days and weeks’
18 November 2024 De Beers envisages finalising its talks over a sales agreement with the Botswana government soon, CEO, Al…
Botswana’s Debswana diamond sales fall over 50% in first nine months of 2024
30 October 2024 Sales of rough diamonds at the Debswana Diamond Company fell about 52% in the first nine months…
De Beers mulls further production cuts
29 October2024 De Beers is considering reducing its output even further amid continued weak demand and oversupply in the manufacturing…
‘They treat us like slaves’: What polishing Botswana’s diamond means for women
27 October 2024 What you need to know… In Botswana’s diamond polishing industry, thousands of women workers face harsh conditions…
Botswana’s ODC seeks $300 million loans for diamond purchases
31 August 2024 Botswana’s state-owned Okavango Diamond Company (ODC) seeks a $300 million credit facility from local banks to support…
Botswana’s Diamond Legacy
1 July 2024 Tourism could be central to the country’s post-mining plans, says Debswana executive. What connects Prince Harry and…
The women behind the world’s most precious diamonds
1 July 2024 Three Botswana women creating De Beers’s magnificent stones speak to Harper’s Bazaar about the beauty below the…
Botswana propelled to world’s top diamonds producer
22 June 2024 Botswana has ascended to the rank of the top diamond producer globally, unseating sanctions-hit Russia. Most of…
Botswana says it’s in talks about increasing stake in De Beers
10 June 2024 Botswana said it’s in talks over increasing its shareholding in De Beers, as Anglo American prepares to…
Botswana may raise De Beers stake as Anglo weighs spin-off
6 June 2024 The Botswana government may raise its shareholding in global diamond miner De Beers, President Mokgweetsi Masisi told…
Botswana seeking quick separation from Anglo
31 May 2024 BOTSWANA President Mokgweetsi Masisi wanted a quick separation from Anglo American in terms of the UK group’s…
Botswana says it will protect its diamond interests as BHP Bids for Anglo American
8 May 2024 Key points Botswana, the world’s largest diamond producer, says it’s closely following BHP Billiton’s battle to buy…
De Beers Moving Auctions Head Office to Botswana
26 April 2024 De Beers will relocate its auctions headquarters from Singapore to Gaborone, Botswana, amid cost-cutting efforts at the…
Botswana sets aside $65m to buy 24% stake in gem trader HB Antwerp
8 February 2024 Botswana has set aside 890 million pula ($65 million) to buy shares in Belgian diamond trader HB…
De Beers approves $1 billion spending at Botswana mine
11 January 2024 Global diamond giant De Beers said it will go ahead with a planned $1 billion investment to…
A New Dawn for the Botswana Diamond Industry
22 December 2023 The country is at a pivotal point in its diamond journey, with the new deal between De…
De Beers and Botswana to Seek New Diamond Deposits
22 November 2023 De Beers and the Botswana government will work together to find more diamond deposits, after both sides…
Botswana conducts due diligence on HB Antwerp stake, president says
8 November 2023 Botswana seeks 24% stake in Belgian diamond trader. HB Antwerp to get 10% of state gem company’s…
Botswana’s ban on imported vegetables is working, says its president as he seeks re-election
7 November 2023 With elections due next year, Botswana’s President Mokgweetsi Masisi spoke of successes and ambitious plans in a…
Botswana’s ODC halts diamond sales as industry seeks to reduce glut
25 October 2023 Botswana’s state-owned Okavango Diamond Company (ODC) has temporarily halted its rough stone sales as part of an…
Natural Diamonds still rule but concerns mount
30 August 2023 A large majority of people planning to get married prefer natural diamonds, giving the industry momentum at…
De Beers Loosens Buying Rules as Inventories Accumulate
16 August 2023 De Beers will allow sightholders to defer up to half of rough purchases to early next year…
Botswana plans extra diamond sales route after De Beers deal
4 August 2023 Botswana‘s state diamond company is planning to diversify how it sells precious stones to the market as…
A Rough Overhaul: Russia, Botswana and Excess Supply
12 July 2023 Newly published Kimberley Process numbers give fresh insights into current market developments. Too many rough diamonds were…