In an effort to strengthen their longstanding relationship, the government of Botswana, the world’s second largest diamond producer, and De Beers, the world's leading diamond company, renewed their diamond mining partnership for an expected 10-year duration.
Final details are being worked out, but Botswana’s biggest complaints about the old agreement are resolved.
Under the old agreement, Botswana received 25 percent of the rough stones extracted, while De Beers took the remaining 75 percent.
Moving to Equal Diamond Sharing
Immediately, Botswana will receive a 30 percent share, with an escalating increase to 50 percent within a decade. De Beers and Botswana officials have both confirmed this change.
Jennifer Lopez and Ben Affleck have done more to educate the world about fancy diamonds than any two people alive.
Neither of their engagement rings was purchased at Astteria, headquartered in London, but they could have been.
Perhaps it’s because I devoted 30 minutes listening to Mr. Hadary’s podcast with Paul Zimnisky [scroll to bottom of page] that I have a sense of his personality.
He is absolutely an ambitious, very intelligent, savvy businessman. But there is also a warmth to his personality that inspires engagement and trust. He’s a human you want to know — an asset to the planet.
