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Vol 63 No 8

Published 14th April 2022


As Russia faces sanctions, Gaborone bids to become global diamond hub

President Masisi is driving a harder bargain with De Beers on revenue and local content after surging demand pushes prices to record levels

With just three months left for Botswana and De Beers to agree on a new long-term deal for billions of dollars in diamond mining, cutting and sales, President Mokgweetsi Masisi sees an historic chance for his country. Diamond prices were already rocketing at the beginning of the year.

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