In Focus | Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Botswana, the source of most of De Beers's diamonds, is challenging the diamond giant by favouring an Antwerp start-up to cut and market its stones. Meanwhile, its parent company Anglo American has put the group up for sale, to little interest. Has the king of diamonds lost its sparkle? [...]
Reading time 7 minutes Christophe Le Bec
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Botswana
De Beers' last negotiation points for Gaborone deal could undercut HB Antwerp

In its most recent talks over a new deal with the Gaborone government, the diamond giant is negotiating to set the increase of the state's share of rough diamonds against high performance targets. That could hamper the Belgian trader's rise in the country as it has to back the government.

LogoSubscribers only Mining, Commodity traders 13.02.2024

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