The Government of the Republic of Botswana (GRB) and De Beers have announced the successful conclusion of their negotiations on a new sales agreement for Debswana’s rough diamond production. This agreement also extends the mining licences for Debswana’s operations beyond 2029.

Debswana, a 50:50 joint venture between the GRB and De Beers, operates some of the leading diamond mines in Botswana, including Jwaneng, Orapa, Letlhakane, and Damtshaa. With new mining licences set to be issued by Botswana’s regulatory authorities, the final agreements will be signed once governance approvals are secured. Until then, the existing agreements remain in effect.

This collaboration between the GRB and De Beers spans over 50 years, focusing on the sustainable and responsible recovery, marketing, and sale of diamonds. Both parties are committed to ensuring the sustainability of the global diamond industry while making significant contributions to Botswana's fiscal and societal growth.

Botswana’s strong oversight of its diamond resources plays a crucial role in the country’s economic development. As the world’s leading producer of diamonds by value, the country continues to maintain a competitive edge in the global diamond market. The revenue generated from diamond sales is reinvested into infrastructure, social programs, and the welfare of the nation’s citizens.

About Botswana:
Botswana is a thriving Southern African democracy known for its commitment to the rule of law, including the protection of property rights. It is a leading investment destination for mining, particularly diamonds. The government’s strategic management of its diamond resources strengthens its position in the global market, ensuring long-term growth and prosperity for the country.

About De Beers Group:
 Founded in 1888, De Beers Group is the world’s leading diamond company. With operations in Botswana, Canada, Namibia, and South Africa, De Beers is the largest diamond producer globally by value. The company is committed to innovation and responsible practices, offering a wide range of services in the diamond industry, including diamond sourcing, traceability initiatives, and ethical operations.