Overview

• Botswana signed a new 10-year diamond sales agreement with De Beers through 2033.
• The deal also includes 25-year mining licenses for Debswana through 2054.
• Botswana's president pushed for a larger share of Debswana's diamond output.
• Diamond sales make up two-thirds of Botswana's foreign currency income and one-fifth of its GDP.
• The deal ensures De Beers will continue to operate in Botswana, the world's largest diamond producer.