De Beers to Switch Its Diamond Trading Activities to Botswana From London

Bloomberg

“De Beers should benefit from a longer agreement as it removes the periodic disruption in having to wrestle with a new pact every five years,” Des Kilalea, an analyst at RBC Capital Markets Ltd. in London, said in an e-mailed note. “In a world with looming tightness in rough diamond supply, the certainty of a long-term agreement over the world’s largest source of rough is welcome.”