How Rosy Blue bought its first diamond cutting facility in Botswana
After more than two decades of trying, the Indian-based diamond producer Rosy Blue has at last managed to secure a diamond cutting facility in Botswana.
The trial of a former private intelligence provider against the diamond giant Debswana is making ripples that can be felt as far as the presidential palace in Gaborone. President Masisi's side see the case as yet another front in its dispute with exiled former head of state Ian Khama.
The De Beers-Botswana state JV, which represents a third of the country's GDP, is looking for a new boss and with the company in the process of renegotiating its diamond sales contract, the choice of CEO is tangled with political considerations.
Having suddenly found herself at the helm of Debswana in 2019 following the premature death of her predecessor, Lynette Armstrong has been running Botswana's leading diamond producer in an acting capacity. With the appointment of a permanent managing director pending, she has been activating her networks as well as renegotiating the contract to sell the company's diamonds with its two shareholders, the Botswanan state and De Beers.