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Is Botswana Getting a Raw Deal From De Beers Diamonds?

Is Botswana getting a raw deal? In the strictest financial sense regarding value addition and downstream integration, the answer has historically been yes . The nation has been a passive supplier of raw wealth rather than an active participant in the luxury market.

If Botswana wins, it will become the world’s first vertically integrated diamond sovereign nation, breaking the cartel for good. If De Beers wins, or simply walks away, Botswana faces a terrifying market crash. Is Botswana Getting a Raw Deal From De Beers Diamonds

The Risks of a Divorce

The Verdict

In a landmark 2011 deal, Botswana successfully pressured De Beers to move its sorting and aggregation operations from London to Gaborone. This was a massive victory for the concept of "beneficiation"—the process of adding value to raw materials within the country of origin rather than exporting them raw. This led to the establishment of the Diamond Trading Centre (DTC) in Botswana. The nation has been a passive supplier of

The diamond industry has also had a significant impact on the people of Botswana. The industry has created jobs and generated revenue, but it has also been criticized for its treatment of workers and its impact on local communities. The Risks of a Divorce The Verdict In

Is Botswana Getting a Raw Deal From De Beers Diamonds?