The Board and members of the International Diamond Manufacturers Association (IDMA) wish to congratulate the Government of Botswana and the De Beers Group of Companies upon reaching an agreement in principle on a new ten-year sales agreement for Debswana’s rough diamond production to 2033 and new 25-year Debswana mining licenses through to 2054.
“We are very pleased that after years of preparations and negotiations, the Batswana government and De Beers succeeded in increasing the share of Debswana supply sold via Okavango Diamond Company (ODC) to 50 percent of the agreement, securing Debswana position for decades to come,” said IDMA President Ronnie VanderLinden.
VanderLinden said that it is encouraging to see that the agreement includes a detailed plan to guarantee the sustainable development of the Batswana diamond mining industry and foresees creating the potential for tens of thousands of new jobs in Botswana, both within an expanded Botswana-based diamond industry and emerging sectors, with a focus on supporting the growth of a knowledge-based economy.
“We’re eagerly looking forward to understanding what this means for Botswana’s diamond manufacturing capabilities and plans. Our members hope to participate in this exciting and promising process actively!” he stated.
“Once again, we send our best wishes to the people of Botswana and the De Beers Group for taking our industry forward, offering great hope for a beneficial future for all.”
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
