Economics
Botswana Seeks New De Beers Diamond Sales Deal by End of April
- Existing 10-year pact expires in January as talks continue
- Government wants more gems valued, cut and polished locally
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Botswana plans to conclude negotiations with De Beers on a diamond sales agreement by the end of April to replace the current 10-year deal that expires in January.
The government wants to see more gems cut and polished within the borders of the world’s second-biggest biggest diamond producer, creating jobs and boosting the state coffers, according to Lefoko Moagi, the minister of mineral resources, green technology and energy security.