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

The government has also been exploring alternative partnerships with other diamond companies, including the Chinese state-owned company, China National Petroleum Corporation (CNPC).

For example, in 2020, De Beers paid around $1.2 billion in royalties to the Botswana government, which works out to around 10% of the total value of diamonds mined in the country. In contrast, other diamond-producing countries like Canada and Australia require companies to pay royalties of up to 20% of the total value of diamonds mined. Today, De Beers is still one of the

Today, De Beers is still one of the largest diamond producers in Botswana, with a significant presence in the country’s mining sector. The company operates several mines, employs thousands of people, and generates substantial revenue for the government through taxes and royalties. According to a report by the Botswana-based NGO,

However, despite the benefits, there are growing concerns that Botswana is not getting a fair share of the revenue generated by its diamonds. According to a report by the Botswana-based NGO, Mining Watch Canada, De Beers pays significantly lower royalties to the Botswana government compared to other diamond-producing countries. s diamond industry

However, it is clear that the Botswana government needs to take a closer look at its partnership with De Beers and ensure that the country is getting a fair share of the revenue generated by its diamonds. This may involve renegotiating the terms of the partnership, increasing transparency and accountability, and exploring alternative partnerships with other companies.

In conclusion, while De Beers has undoubtedly played a significant role in Botswana’s diamond industry, there are concerns that the country may be getting a raw deal from the company. The issue is complex, and there are valid arguments on both sides.