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De Beers in Botswana

De Beers has a portfolio of four companies in Botswana – De Beers Holdings, Debswana, Diamond Trading Company Botswana and De Beers Global Sightholder Sales.

 

De Beers in Botswana

De Beers has a portfolio of four companies in Botswana – De Beers Holdings, Debswana, Diamond Trading Company Botswana and De Beers Global Sightholder Sales.

Our companies in Botswana are experts in the rough diamond chain and operate in close partnership with the Government of the Republic of Botswana, an unparalleled partnership that has lasted since the country’s independence 50 years ago.

The Government is De Beers’ most important partner, and Botswana is the company’s biggest producer country.

 

The partnership: Botswana and De Beers

In the 50 years since independence, Botswana has experienced remarkable economic growth. This growth has been underpinned by the partnership between Botswana and De Beers.

Botswana’s diamond-led development story is widely celebrated as an African success story. In just 50 years, the country has transformed itself from one of the poorest nations in the world into a modern, upper middle-income country.  By any measure, this is an achievement of which Botswana can be proud.

This economic and social progress has been built largely on a diamond foundation, enabled by high standards of governance, political stability, and the judicious investment of diamond-generated wealth.

While historically resource-rich economies often grow more slowly than resource-scarce economies, the reverse has been true for Botswana. This has been largely because it has managed its resource with long-term development goals in mind.

 

The partnership's contribution

The Botswana and De Beers partnership makes a significant contribution to GDP and jobs – through direct employment, contractor work (indirect) and the jobs created in the supply chain (induced). See the figure below for more detail*

The Botswana Impact report: Turning Finite Resources into Enduring Opportunity

The Botswana report, Turning Finite Resources into Enduring Opportunity, delves much deeper into the detail of the partnership between Botswana and De Beers.  It examines the economic impact that De Beers makes at three levels:

  1. Global contribution
  2. Country-level contribution
  3. The impact of current key investment projects
 

De Beers in Botswana: Organisational overview

De Beers Holdings is the exploration arm and is currently focused on early stage exploration programmes in Tsabong, Orapa, Palapye and Kang.

Debswana, a 50/50 joint venture between De Beers and the Government, is the primary producer of diamonds in Botswana. The Diamond Trading Company Botswana, also a 50/50 joint venture between De Beers and the Government, sorts and values the rough diamonds mined by Debswana.

De Beers Global Sightholder Sales is responsible for selling the bulk of De Beers’ global production to its rough diamond customers, known as Sightholders. In 2013, De Beers moved this international sales operation from London to Gaborone, resulting in growth in the volume of diamonds traded in Botswana to about US$6 billion, leading to a boost to employment, as well as downstream and other support services.

Pipeline in Botswana from exploration to manufacturing

The map below* summarises the pipeline in Botswana, starting with diamond exploration, moving on to diamond mining and sorting & valuing, then to the aggregation & sales processes and finally to manufacturing and the brands we offer in Botswana.