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The Intelligence from The Economist
Diamonds and Diplomacy in Botswana
This chapter delves into Botswana's pivotal role in the diamond processing industry, examining the intricate procedures involved in transforming rough diamonds into polished gems. It highlights the nation's remarkable economic shift from poverty to prosperity, largely due to its partnership with De Beers, while raising questions about the future of this collaboration amid calls for better terms and local processing. Additionally, the chapter discusses emerging concerns over governance and transparency as President Mokwetsi Masisi seeks to renegotiate agreements in light of new players in the market.
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