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De Beers Sees Evolution of More Synergies in the New Deal

To fears that the new diamond deal may lead to a waning of De Beers in gains and stature as the indisputable global force in everything to do with diamonds, the giant points to evolution, diversification and more exploration resulting in more mines and emphasises the two-way nature of the new era

mm by Keabetswe Newel
August 3, 2023
in News
Reading Time: 1 min read
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De Beers Sees Evolution of More Synergies in the New Deal

GABORONE 23 February 2023, The Executive Vice President of the De Beers Group – Diamond Trading, Paul Rowley delivering the 2022 year end financial result in Gaborone on 23 February 2023. (Pic:Monirul Bhuiyan/PRESS PHOTO)

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While De Beers’ executive vice president of diamond trading, Paul Rowley, says the deal is a “win-win,” there are fears in the market that the new sales agreement between De Beers and the Government of Botswana could negatively impact De Beers’ bottom line.  

Rowley was responding to media inquiries at De Beers offices in Gaborone last week where they presented their financial results to business scribes. 

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