Is Botswana Getting A Raw Deal From De Beers Diamonds - The World News Fixed [WORKING]

In 2018, a report by the human rights group, Global Witness, accused De Beers of failing to provide adequate compensation to communities affected by its mining operations. The report also accused the company of using security forces to intimidate and harass local communities.

Botswana has finalized a 10-year sales agreement and 25-year mining license extension with De Beers, boosting its production share to 30%—set to rise to 50%—and securing over $750 million in development funding . The landmark deal strengthens local beneficiation and positions Botswana to potentially take a controlling stake in De Beers as owner Anglo American divests . Read the full details of the agreement on Reuters . Is Botswana Getting a Raw Deal From De Beers Diamonds? In 2018, a report by the human rights

But as the world turns away from mined gems toward lab-grown stones, whispers in the Kalahari are growing into a roar. The question on every citizen’s mind: Is Botswana getting a raw deal? But as the world turns away from mined

De Beers has historically had the right to buy 100% of Debswana's production. Critics argue that De Beers then sells diamonds at higher prices through its global distribution network, leaving Botswana with only mining profits and taxes, not downstream margins. Without Botswana’s output

Why the aggression now? Because Botswana finally has leverage. De Beers' supply from other major sources, like South Africa and Canada, has dwindled. Furthermore, sanctions on Russian diamonds (Alrosa) have tightened global supply. Botswana is currently the world’s largest producer of diamonds by value. Without Botswana’s output, De Beers would struggle to maintain its dominance in the market.