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De Beers Shareholders to Meet This Week on Diamond Prices

Botswana Minister: "Something More Sustainable Needs to be Done"

Nov 23, 2015 5:44 AM   By Rapaport News
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RAPAPORT... De Beers shareholders will meet November 26 to discuss diamond prices, Botswana Minerals, Energy and Water Resources Minister Kitso Mokaila said.

Speaking today at a conference in Gaborone, the minister said “diamond prices have been coming down and something more sustainable needs to be done. The shareholders need to get their heads together.” Anglo American PLC owns 85 percent of De Beers and the government of Botswana owns the rest.

The conference, exploring the role of Botswana’s diamond industry in the socio-economic development of the country since independence, was organized by policy think-tank Chatham House and is being hosted jointly by De Beers and the ministry today and tomorrow, according to an announcement from the diamond miner.
Tags: Botswana, De Beers, Rapaport News, Rough diamond prices
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