Business Wars Diamond Wars | Blood and Champagne | 5
Jul 8, 2020
In 1966, a geologist at De Beers battles skepticism while hunting for diamonds in Botswana, revealing the high stakes involved for the nation. Meanwhile, a surprising discovery in Australia threatens to upset the diamond monopoly. The rivalry between De Beers and Argyle intensifies as they vie for dominance in the market, with Botswana caught in the middle. Amidst a backdrop of war and commerce, the tragic realities of the Angolan Civil War clash with De Beers' glamorous marketing. Tensions rise as Argyle considers breaking free from the cartel.
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Lamont's Persistence
- Geologist Gavin Lamont persists in Botswana diamond search despite De Beers' pessimism.
- He believes warping theory explains the lack of previous discoveries, requesting more time.
Diamond Discovery
- In Botswana, Lamont's team finds a quarter-carat diamond in surface samples.
- This discovery confirms Lamont's theory and indicates a significant diamond deposit.
Botswana's Deal
- Botswana's president, Siretse Kama, negotiates a 50/50 partnership with De Beers.
- This deal transforms Botswana from a poor nation to a prosperous democracy.