The 2011 rough diamond sales agreement in which the venture sells 75% of its output to De Beers was set to expire in 2020, but was extended for a year till last December and then again for six more months.
unit said in a statement that the parties had agreed to the one-year extension to enable the finalisation of discussions towards a new agreement.The extension of the agreement for the sale of Debswana's diamond output runs until June 30, 2023.Reporting by Bhargav Acharya and Aby Jose Koilparambil in Bengaluru Editing by Alexander Winning
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