Diamond

Namibia has officially joined a growing African alliance to defend and reposition natural diamonds on the global stage, throwing its weight behind a bold continental strategy to future-proof the industry. At Mining Indaba 2026 in Cape Town, Namibia signed the Luanda Accord, aligning with Angola, Botswana and the Democratic Republic …

By : Tshepo Donald  Botswana’s bid to revive its flagging economy has hit a significant roadblock as the national diamond inventory has surged to nearly double its target level. Botswana, which ranks as the world’s second-largest diamond producer after Russia, held a staggering 12 million carats in its vaults at …

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 …

By : Kevin Dube 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 …