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De Beers consequently has fewer diamonds for its consumer base, both internationally and regionally in Botswana. In addition to the gross sales and marketing settlement, which deals with the post-mining distribution of the tough production for the subsequent 10 years, there’s the crucial mining licence. This permits Debswana to proceed mining its Botswana assets for the following 25 years and requires De Beers to invest billions in underground enlargement. From an outsider’s perspective, the partnership between De Beers and Botswana appeared to be crumbling after greater than 50 years of collaboration.
Although they used gold, they sometimes used bronze or…