Botswana Leader Sees New Diamond Pact With De Beers After Vote
- Negotiations have been cordial, are going as planned: Masisi
- Global slowdown, trade wars are affecting gem prices, exports
This article is for subscribers only.
Botswana’s government and De Beers are in “cordial” negotiations about a new diamond-sales pact to replace their current 10-year deal which expires in 2020 and it should be concluded after next month’s election, President Mokgweetsi Masisi said.
“Everything is going as planned,” Masisi said Thursday in an interview with Bloomberg TV at the World Economic Forum on Africa in Cape Town. “We need to improve the profitability of the business for both of us. So great returns for both of us.”