Diamonds Are Forever in Botswana

Topics: Diamond, De Beers, Blood diamond Pages: 2 (604 words) Published: December 11, 2009
In “Diamonds are Forever in Botswana”, we are introduced to how the company, De Beers, made a profitable business in the country of Botswana, while contributing great benefits to the country through many aspects. The company’s business consists of overseeing the mining of diamonds and then selling them throughout the rest of the world. Even though De Beers is the dominant force in Botswana, they approached their venture in the country by having an equal relationship with the government split down the middle 50-50. Approximately 10 years ago, they even sold the government a 15% stake in their successful company. From a socially responsible aspect, De Beers has made great contributions to the country with their involvement with AIDS, building beneficiary structures like roads, schools and hospitals for people to use in their daily lives. While they definitely helped the citizens of Botswana socially, they also involved its people in their business by training their citizens to adopt executive positions in the government because of its partnership with the diamond company. In this specific case, both De Beers and the government rely on each other to maintain their own survival as well as the country and the people itself. While both play an equal role, De Beers is exemplified as a good citizen due to its involvement in providing the people of Botswana with great benefits. It also brings stability to Botswana by giving people basic and necessary social needs, jobs and a high revenue margin for the country. While De Beers is largely seen as a positive influence, it also had issues with their own practices. For decades, De Beers exemplified monopolistic practices when it used its dominance to manipulate the international diamond market by convincing other producers to join their monopoly. Additionally, in order to control prices through supply, they stockpiled other manufacturer’s diamonds to achieve that goal. When the controversial practice of blood diamonds came to...
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