Read more: De Beers Loses More Diamonds to Botswana in Last Minute Dealīotswana’s Okavango Diamond Company currently gets 25% of Debswana production. The government said there’s also an agreement - still tentative at this stage - for that share to eventually increase to as high as 50%. Under the new accord, Botswana’s state-owned diamond trader will get 30% of output from Debswana, the De Beers unit that generally accounts for about two-thirds of the group’s annual production. The funds will help Botswana “diversify the economy and improve the diamond value chain” and help impart skills to young people and create jobs, he said.
It could have been better but you know with a partnership you’ve always got to give as you take,” Masisi said in an interview with Bloomberg TV in Gaborone, Botswana’s capital. The 10-year arrangement between the gem giant, a unit of Anglo American Plc, and the world’s second-largest producer is crucial to both sides and plays a central role in the global diamond supply chain.
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