De Beers' CEO said he expected negotiations on a new diamond sales pact with Botswana's government to be wrapped up within weeks, after meeting with the country's new president.

YouTube Screenshots Botswana’s new president plans to finalize a deal with mining giant De Beers that would guarantee the country a larger share of its raw diamonds. Duma Boko was sworn in on Friday,

Botswana’s new president, Duma Boko, picked Bogolo Kenewendo to be mines minister as his administration moves to cement a deal with De Beers that aims to ensure the nation will derive greater benefit from its diamond riches.

The chief executive of global diamonds giant De Beers, Al Cook, said that his company expected negotiations with Botswana's government over a new diamond sales pact to conclude soon. "We see negotiations concluding in days and weeks,