Is Botswana Getting A Raw Deal From De Beers Diamonds - The World News !!install!!
For decades, the sparkling relationship between the arid nation of Botswana and the diamond giant De Beers has been hailed as the "perfect marriage." Diamonds built Botswana’s middle class, funded its free education, and transformed it from one of the poorest countries on Earth into Africa’s most stable, upper-middle-income economy.
De Beers argues the partnership remains "the most successful resource-based partnership in history." A spokesperson in London told The World News : "Botswana has received over $6 billion in dividends and royalties. We have built hospitals, roads, and a diamond hub in Gaborone. The idea of a raw deal is simply not factual." For decades, the sparkling relationship between the arid
President Masisi has drawn a hard line in the sand. He isn't asking for a revolution; he is asking for . He wants: The idea of a raw deal is simply not factual
Botswana receives 50% of the rough stones, but it doesn't control 50% of the global supply chain. De Beers’ marketing arm (the infamous "Single Channel") dictates pricing. When the diamond market softens (as it has due to lab-grown diamonds and post-pandemic demand dips), Botswana carries half the production risk but has limited control over pricing strategy. De Beers’ marketing arm (the infamous "Single Channel")
However, critics argue that "production parity" does not equal "value parity." While Botswana gets half the rough diamonds, De Beers has historically controlled the pipeline : the sorting, valuing, marketing, and selling.
For decades, the sparkling relationship between the arid nation of Botswana and the diamond giant De Beers has been hailed as the "perfect marriage." Diamonds built Botswana’s middle class, funded its free education, and transformed it from one of the poorest countries on Earth into Africa’s most stable, upper-middle-income economy.
De Beers argues the partnership remains "the most successful resource-based partnership in history." A spokesperson in London told The World News : "Botswana has received over $6 billion in dividends and royalties. We have built hospitals, roads, and a diamond hub in Gaborone. The idea of a raw deal is simply not factual."
President Masisi has drawn a hard line in the sand. He isn't asking for a revolution; he is asking for . He wants:
Botswana receives 50% of the rough stones, but it doesn't control 50% of the global supply chain. De Beers’ marketing arm (the infamous "Single Channel") dictates pricing. When the diamond market softens (as it has due to lab-grown diamonds and post-pandemic demand dips), Botswana carries half the production risk but has limited control over pricing strategy.
However, critics argue that "production parity" does not equal "value parity." While Botswana gets half the rough diamonds, De Beers has historically controlled the pipeline : the sorting, valuing, marketing, and selling.