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.
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.
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