Botswana has a reached a new agreement with DeBeers which gives it a larger portion of the diamonds mined in the country to sell. Under the new agreement the state-owned Okavango Diamond Company (OKD) will get 30% of the diamonds mined by Debswana, a joint venture between the Botswana government and De Beers. OKD previously got 25%, with the remainder going to DeBeers. By the end of the 10-year agreement OKD’s share will increase to 50%.