Diamond

Botswana’s world-class diamonds are not just for investors or big industry players but they are also accessible to the public. Locals and visitors can legally purchase these precious gems through licensed retailers, authorised jewellery outlets and beneficiation companies across the country. While rough diamonds are sold through regulated channels, Botswana …

In a dramatic escalation of the global scramble for control of De Beers, Angola’s state-owned diamond company, Endiama, has submitted a formal bid for Anglo American’s majority stake in the legendary producer. This move represents a significant shift from Endiama’s earlier interest, which centered on acquiring only a minority share. …

The state-owned Okavango Diamond Co. (ODC) has made a “prudent decision to withhold” nearly one million carats of rough diamonds after an ad-hoc auction failed to meet its reserve price, signaling the government’s refusal to concede to falling global prices. The late September “closed” tender, which saw no gems sold, …

Anglo American has signaled a highly unconventional sale process for its 85% stake in De Beers, placing the Government of Botswana at the center of negotiations with prospective buyers. The move, confirmed by Anglo American CEO Duncan Wanblad at the FT Metals and Mining Summit, is aimed at securing an …

The government of Botswana has set an ambitious end-of-October deadline to secure majority ownership of De Beers, a move President Duma Boko says is critical for the country’s economic sovereignty as diamond markets remain under strain. Speaking to Bloomberg Television in New York, Boko confirmed that his government is in …

Long celebrated as Africa’s diamond success story,Botswana is facing its toughest economic challenge in decades. The rise of cheaper, lab-grown gems is eroding demand for natural diamonds, threatening a sector that once accounted for 80% of the country’s exports and a third of government revenue. Across the country, the slowdown …

Anglo American is pushing ahead with plans to divest its stake in De Beers, despite growing confidence in the diamond giant’s potential to rebound strongly as global markets recover. The diversified mining group has confirmed that two exit options are being pursued, a preferred trade sale and alternatively, an initial …

Botswana is making an audacious play to seize control of De Beers, sending ripples through the global diamond industry as mining giant Anglo American prepares to divest from the historic gem producer. The southern African nation, already the wellspring of 70% of De Beers’ diamonds, is demanding a controlling stake, …

Botswana, a nation whose glittering fortunes have long been synonymous with diamonds, is facing a stark warning that the very bedrock of its prosperity could become its Achilles’ heel. The country’s Financial Stability Council (FSC) has issued a fresh and urgent alert, painting a worrying picture of an economy increasingly …

Las Vegas, USA— In a dazzling display of national resolve, Botswana recently took center stage at the JCK Las Vegas Show, the global epicentre of the diamond industry. Led by the impassioned Duma Boko and supported by a formidable delegation, including Minister of Minerals and Energy, Bogolo Kenewendo, the southern African nation …