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.

(IDEX Online) - Botswana's new president hopes to mend his government's fractured relationship with De Beers and finally ink the deal negotiated, but not signed, by his predecessor. Duma Boko ousted Mokgweetsi Masisi in the 30 October general election, ending 58 years of uninterrupted rule by the Botswana Democratic Party.

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,

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,