Botswana Guardian argues the canny Oppenheimers seem to be getting out of the diamond business because its future looks bleak. De Beers is currently in financial straits occasioned by its underperforming mines – Snap Lake and Victor Mines – in northern Canada where costs are extremely high writes the paper.

BG reporter Botswana Diamonds was awarded a 430 square kilometre exploration licence in Cameroon and it plans to begin a bulk sampling programme in late 2011 to examine diamond potential in the area, the company reported. Positive results from our