As Anglo American considers selling its 85% stake in De Beers, several African governments and business groups have expressed interest. Countries like Botswana, Angola, and Namibia, all major diamond producers, are exploring equity participation. The move could reshape global diamond markets, giving producer nations greater control over the iconic company’s future.
Global diamond giant De Beers is at the center of mounting interest from African states and private business groups, according to CEO Al Cook. Parent company Anglo American, which currently owns about 85% of De Beers, is evaluating options to divest, sparking bids and discussions across the diamond-producing world.
Governments of Botswana, Angola, and Namibia—each with significant diamond reserves—have signaled their intent to acquire equity stakes. Angola has reportedly gone further, presenting a formal bid to secure a strategic 25% ownership, intensifying competition with Botswana, which already holds a 15% stake in De Beers.
Business-led groups and international investors are also eyeing opportunities, with reports suggesting interest from Indian diamond firms and Qatari funds. The valuation of De Beers is estimated at $4.9 billion, making this potential transaction one of the most significant in the global mining and luxury sectors.
Notable Updates and Major Takeaways
Anglo American stake: Currently owns 85% of De Beers, valued at $4.9 billion.
African interest: Botswana, Angola, and Namibia exploring equity participation.
Formal bid: Angola has reportedly targeted a 25% stake.
Existing ownership: Botswana already holds 15% in De Beers.
Global investors: Indian diamond groups and Qatari funds also showing interest.
Conclusion
The potential reshaping of De Beers’ ownership highlights a historic shift in diamond industry power, with producer nations seeking greater control over value chains. The outcome could redefine global diamond trade dynamics and strengthen Africa’s role in the luxury market.
Sources: Mining.com, Energy News, Forbes Africa