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

If Botswana seizes a larger share of production to sell independently on the open market, they inherit the risk of market downturns. Without De Beers’ ability to stockpile diamonds during market slumps to stabilize prices, Botswana’s economy—which relies on diamonds for over 80% of export earnings—could become dangerously volatile.

De Beers’ counter is equally simple: We are the only ones with the global marketing machine (the "A Diamond Is Forever" legacy) and the banking relationships to keep prices stable. If Botswana seizes a larger share of production