‘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…
Tag: De Beers
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…
Diamonds are for now: Botswana inks new deal with De Beers
Botswana has reached an eleventh-hour deal with diamond giant De Beers after months of tense negotiations that saw the continent’s…
Botswana says it is still keen on De Beers partnership, confident of new deal
May 30, 2023 GABORONE, May 30 (Reuters) – Botswana wants to maintain its partnership with De Beers and is confident…
Botswana Diamond Manufacturers Partner with NDC
May 11, 23 (IDEX Online) – Botswana’s diamond industry is joining forces with the Natural Diamond Council (NDC) to promote…
Botswana to Take Stake in HB, Challenging De Beers’ Dominance
(Bloomberg) — Botswana will acquire a 24% stake in Belgian diamond trader HB Antwerp, in a challenge to the southern…
De Beers’ sales reach P6.7bn
De Beers recently sold an estimated $495 million (P6.7bn) of rough diamonds in its second auction of the year, a…
Botswana intent on selling more diamonds without De Beers
Botswana will not drop its demand to sell a bigger share of the diamonds produced by its joint venture with…
Botswana mining growth seen flat amid dim diamond outlook
Botswana expects output from its mining sector to be flat this year, as the diamond industry loses its sparkle due…
Diamond negotiations with De Beers “hugely distracting” to Botswana government
LUCARA Diamonds wanted a quick resolution to diamond sales contract negotiations between Botswana and De Beers as their two-year discussions were…
Botswana’s Debswana posts 37.5% jump in 9-month diamond sales
GABORONE, Nov 1 (Reuters) – Rough diamonds sales by Debswana Diamond Company jumped 37.5% in the first nine months of…
Natural Diamond Council Global Ambassador, Lily James, Visits Botswana
Highlights positive impact of the natural diamond industry on education, conservation and local business NEW YORK, Oct. 26, 2022 /PRNewswire/ — This…
Surat diamond polishers open units in Botswana
Surat manufacturers have opened around 20 diamond cutting and polishing units in Botswana. Vallabh Lakhani, Chairman of Surat Diamond Bourse…
Diamonds powers Botswana back trade surplus
Botswana’s trade balance, which has weakened in the past years, widening the trade imbalance, and causing large drawdowns from the…