#Latest news with #OkavangoDiamondCo.Bloomberg13-03-2025BusinessBloombergBotswana's Government Puts Diamond Trader Deal on Back BurnerBotswana's deal to acquire a stake in Belgian gem trader HB Antwerp — proposed by the previous government but never completed — appears to be in limbo. The plan for Botswana to purchase a 24% interest in HB Antwerp – first announced by former President Mokgweetsi Masisi in March 2023 – was seen as a model to challenge the southern African country's decades-long partnership with De Beers. If executed, the deal would see state trader Okavango Diamond Co. receive polished rather than rough prices for stones for a portion of its sales.
Bloomberg13-03-2025BusinessBloombergBotswana's Government Puts Diamond Trader Deal on Back BurnerBotswana's deal to acquire a stake in Belgian gem trader HB Antwerp — proposed by the previous government but never completed — appears to be in limbo. The plan for Botswana to purchase a 24% interest in HB Antwerp – first announced by former President Mokgweetsi Masisi in March 2023 – was seen as a model to challenge the southern African country's decades-long partnership with De Beers. If executed, the deal would see state trader Okavango Diamond Co. receive polished rather than rough prices for stones for a portion of its sales.
13-03-2025
