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President Boko to De Beers: Botswana Will Sell Its Own Diamonds

[HPP] Duma BokoJuly 16, 202510 min
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Historical Diamond Ownership Issues

  • 💡 Botswana initially held only 15% ownership in DBS (De Beers), despite the diamonds being discovered and located in Botswana.
  • ⚠️ A fundamental error was made by accepting less than a 50% baseline for negotiation, given Botswana owned the resource.
  • 📉 Botswana refused to acquire an additional 40% share offered by the Oppenheimers, allowing Anglo-American to increase its stake to 85% in DBS.

Flawed Marketing Strategy

  • 🚫 De Beers' marketing efforts, including the
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What’s Discussed

Diamond industryBotswana diamondsDe BeersShareholdingEconomic diversificationDiamond marketingResource sovereigntyGovernment ownershipCash flow problemsContractual obligationsAnglo-AmericanOppenheimersValue chain controlNational interest
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