A tense renegotiation between De Beers and Botswana is more than a corporate tussle. It exposes a shifting landscape in which resource owners have leverage, synthetic stones unsettle pricing, and China’s consumer market no longer plays by the old rules. For a company built on scarcity and storytelling, holding the line will depend on understanding where Chinese demand is heading, how Beijing is trying to boost consumption, and how the midstream is being rewired by policy and technology.
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