Botswana's government on Tuesday signed a long-delayed 10-year diamonds sales agreement with Anglo American unit De Beers adding a possible extension period of five more years to the provisional pact.

The government of Botswana finalized a significant diamond sales agreement with De Beers on Tuesday, marking the end of seven years of negotiations that are vital for the nation's economy.

De Beers and Botswana’s government will jointly fund a marketing campaign to resuscitate demand for natural diamonds.

The Botswana government has signed a new diamond sales agreement crucial to its economy with the De Beers mining company after seven years of negotiations

The partnership secures long-term value from existing mines and expansions such as Jwaneng Cut-9 and Jwaneng Underground.

Botswana has just sealed a historic 10-year diamond sales agreement with De Beers, marking a significant milestone in the country's diamond industry. This landmark deal reinforces Botswana's position as a global leader in diamond production.