May 23, 2006 Spin is what it is all about. So when De Beers and Botswana wax lyrical about their new joint venture, the other side of the story is less rosy, said Mineweb. Botswana, the world’s largest diamond producing country, might well be seen as again coming to the rescue of De Beers. The government in the dusty capital, Gaborone, certainly has the leverage to have De Beers do what it is told. Of all the commodities these past months, diamonds have stood out as having no flame. Only a few weeks back De Beers chairman Nicholas Oppenheimer was bemoaning to analysts the fact that his company could not increase prices because of rising interest rates.