DiamondBuzz
De Beers and Botswana Reach Agreement on New Rough-Sales Deal and Extended Mining Licenses
De Beers and the government of Botswana have officially concluded their negotiations, finalizing a new rough diamond sales agreement and securing an extension of mining licenses for their joint venture, Debswana.
This marks the successful end to a long negotiation process that has seen multiple extensions of the previous contract since it expired in 2021. Despite reaching an agreement in principle in June 2023 and signing a “heads of terms” document in September, the deal remained pending due to discussions with Botswana’s former president, Mokgweetsi Masisi, and was finalized after Duma Boko assumed the presidency in November.
Under the new sales agreement, 30% of Debswana’s production will be allocated to Okavango Diamond Company (ODC), Botswana’s state-owned trading arm, with plans to gradually increase this to 50% over the next 10 years. The deal also includes a significant extension of Debswana’s mining licenses, which were initially set to expire in 2029. A 25-year extension of these licenses is part of the agreement, further solidifying the long-term future of diamond mining in the country. Additionally, the partners will jointly handle the sale of exceptional diamonds, sharing in the profits of polished sales.
Furthermore, the new agreement involves a BWP 1 billion ($75 million) upfront investment by De Beers in a diamond development fund, with additional contributions over the next decade. The fund aims to diversify Botswana’s economy, create jobs, enhance local diamond beneficiation, and provide training opportunities. This move is part of a broader strategy to ensure that the country’s diamond sector continues to contribute to economic growth and development for years to come.
BrandBuzz
De Beers Group Rewrites the Diamond Story with ‘Intention Pendants’ for the Woman Who Chooses Herself
Where natural diamonds become expressions of intent for women shaping their own path
De Beers Group taps into the modern ritual of intention-setting with the launch of ‘The Intention Pendant’ collection, where natural diamonds become intimate expressions of purpose and personal power. Designed for the woman who marks her milestones quietly yet deliberately, the high-glamour collection reflects a new language of self-gifting rooted in meaning, emotion, and self-belief. The launch speaks to a wider cultural shift, one where success is defined internally and luxury becomes a deeply personal signature.
For Gen Z and millennials, practices like manifestation, vision boarding, and ‘scripting dreams’ are no longer trends; they are core lifestyle rituals. Intention-setting has become a daily act of self-empowerment. De Beers Group captures this sentiment through a personal campaign narrative that features a young woman crafting a vision board and reconnecting with her inner clarity, with the pendant serving as her constant companion through quiet moments and self-discovery.

“Women today are choosing to celebrate themselves through everyday intentions. The Intention Pendants draw from the extraordinary legacy of natural diamonds while honouring this cultural shift,” said Toranj Mehta, Vice President of Marketing, De Beers Group India. “Rooted in the extraordinary legacy of natural diamonds, this collection reflects a shift toward jewellery as a personal marker of growth. Each piece serves as a quiet reminder a woman wears for herself, honouring her inner resolve and the promises she makes to her future.”
The launch is supported by a comprehensive 360° campaign designed to inspire and engage across print, television, radio, cinema, outdoor, digital, and social media outreach. Leading Bollywood and sports icons including Tamannaah Bhatia, Athiya Shetty and Sania Mirza have created and shared their personal vision boards while wearing the pendants, amplifying authenticity and aspiration.
Each Intention Pendant features a natural diamond, formed over billions of years and shaped patiently by nature, carrying a sense of timeless continuity into the present. Refined through the forces of time, it stands as a lasting symbol of resilience and brilliance. Inspired by celestial forms and personal energy, the design brings this journey from nature’s heart to hers into a modern, wearable expression. Worn close to the heart, the pendant becomes a personal touchstone, subtly manifesting her best life while reflecting her intentions, inner strength, and the journey she continues to shape.
The Intention Pendant collection builds on De Beers’ global focus on self-gifting as an evolving expression of self-love. Across markets, natural diamonds are increasingly chosen to mark independent decisions, personal milestones, and moments of inner transformation, signalling a move beyond traditional gifting toward jewellery that reflects individuality and purpose.
Launching ahead of the year-end period of reflection, the collection aligns naturally with a season devoted to renewal, clarity, and intention. The Intention Pendant emerges not as a statement piece, but as a personal symbol, one that accompanies a woman quietly as she defines success on her own terms.
‘The Intention Pendant Collection’, serves as a reminder of one’s potential through the timeless beauty of a natural diamond and personal expression. De Beers invites you to connect with cosmic energy, flowing from nature’s core to your own.
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