Is Botswana Getting A Raw Deal From De Beers Diamonds - The World News !full! Jun 2026

Furthermore, De Beers points to recent concessions: moving the sorting and sales operations to Gaborone in 2013 created 1,500 local jobs. But critics note that the final pricing still happens in the UK.

: The deal emphasizes shifting the diamond value chain—such as grading and jewelry manufacturing—to Botswana to boost local employment. The "Raw Deal" Argument: Market Volatility and Lab Diamonds Furthermore, De Beers points to recent concessions: moving

For nearly a century, the name De Beers has been synonymous with diamonds. For half of that time, the economic fate of Botswana has been inseparable from the glittering stones pulled from the red earth of the Kalahari. It is a partnership often cited as a unique model of development—a symbiosis where a multinational corporation provided the expertise, and an emerging nation provided the resources, lifting one of the poorest countries in the world into the ranks of upper-middle-income status. The "Raw Deal" Argument: Market Volatility and Lab