Is Botswana Getting A Raw Deal From De Beers | Diamonds - The World News

The debate over revenue sharing has been ongoing for several years. The government of Botswana has argued that it should receive a higher share of the revenue generated by the diamond industry, while De Beers has argued that its investment in the industry justifies its share of the revenue.

Under the terms of the agreement, De Beers pays the government of Botswana a royalty of 10% on the value of diamonds extracted from the mines. However, critics argue that this royalty rate is too low, and that the government of Botswana is not getting a fair share of the revenue generated by the diamond industry. The debate over revenue sharing has been ongoing

The diamond industry has also had a significant impact on the people of Botswana. The industry has created jobs and generated revenue, but it has also been criticized for its treatment of workers and its impact on local communities. However, critics argue that this royalty rate is