Gaborone's first gem sales will bolster the negotiating power of African governments in the natural resource sector. In a significant early victory in the battle for local countries benefiting from their own natural resources, De Beers held its first diamond sale on November 11th in Gaborone, Botswana, after ending the sales operations of its London-based Diamond Trading Company.
Known as 'sights,' these sales are held 10 times a year in which each sale brings more than 80 sight holders
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