Botswana will take a 24% stake in Belgian gem processing firm HB Antwerp as it seeks to gain more value from its diamonds, President Mokgweetsi Masisi said Monday, a move which might start to loosen De Beers' grip on the country's diamond industry. Botswana’s state-owned diamond trading company, Okavango Diamond Company (ODC), will also enter into a five-year agreement to supply rough diamonds to HB Antwerp as part of the deal.
Key Insights The considerable ownership by retail investors in Lucara Diamond indicates that they collectively have a...
(Bloomberg) -- To the southeast of the teeming herds of wildlife in the Okavango Delta in Botswana, an offshoot of the Lundin mining dynasty is extending its search for the world’s biggest diamonds.Most Read from BloombergElon Musk Regains His Spot as the World’s Richest PersonNigeria Latest: Tinubu Wins in Six States; Obi Takes ThreeHow to Get a Free Flight to Hong Kong in 500,000 Airline Ticket GiveawaySorry, Twitter. Elon Found His Next Shiny Object.Apple Suppliers Are Racing to Exit China, A