WATCH: Botswana to renew agreement with De Beers in diamond industry

Newly inaugurated Botswana President Eric Masisi inspects a guard of honour at a ceremony in Gaborone, Botswana, Friday, Nov. 1 2019. Masisi was sworn in after his ruling party won the elections held Oct. 23, 2019. (AP Photo/Sello Most)
JOHANNESBURG – Newly appointed Botswana President Mokgweetsi Masisi has announced that his government is in negotiations with De Beers, mining giant, to renew a sales agreement to allow the trading of diamonds between the two parties. 
Masisi made the announcement at the Diamond Conference in Gabarone. The conference is the only diamond specific forum on the African continent, providing a key platform for engagement for the global diamond industry. 
The conference is attended by ministers, senior government representatives, business leaders and diamond industry experts to promote and strengthen co-operation.