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Angola Seeks Anglo’s Majority Stake in De Beers

Angola has intensified its pursuit of De Beers, shifting from its earlier interest in a minority stake to a proposal to buy Anglo American’s entire majority share in the diamond giant.

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The move positions Angola’s state-owned diamond company, Endiama, to compete directly with several high-profile bidders — including former De Beers CEOs Gareth Penny (backed by a Qatari investment fund) and Bruce Cleaver, who is leading a separate consortium. Other interested parties reportedly include Australian mining veteran Michael O’Keeffe, Indian billionaire Anil Agarwal, and the government of Botswana, which already holds a 15% stake in De Beers.

Endiama has submitted “a concrete and well-defined proposal” and is advancing its bid, according to CEO José Manuel Ganga Júnior.  Both he and Anglo American declined to disclose further details.

Angola’s interest marks a significant escalation from last month, when it proposed forming a Pan-African consortium with Botswana, Namibia, and South Africa to jointly acquire a minority share. The country already maintains close ties with De Beers through an exploration joint venture, which recently announced the discovery of a new kimberlite field — the first in Angola in 30 years.

However, Botswana retains the first right of refusal to match any external bids, given its existing shareholder status.

Anglo American first declared its intention to divest De Beers in May 2024, as part of a broader strategy to streamline its operations and concentrate on core assets. The decision follows a prolonged downturn in the diamond sector, driven by weak consumer demand, growing competition from lab-grown diamonds, trade tariffs, and a slump in global luxury spending.

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DiamondBuzz

GIA Celebrates World Diamond Day Highlighting Iconic Gems

Institute Spotlights Historic Diamonds Like the Hope, Dresden Green, Winston Red, Taylor Burton, Motswedi

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The Gemological Institute of America (GIA) marked World Diamond Day on 8th April by highlighting a selection of historically significant precious stones it has examined, underscoring their rarity, scientific importance and cultural legacy.

 Below is a concise analytical breakdown of the stones and their significance from a trade, scientific, and storytelling angle:

Key diamonds highlighted

  • Hope Diamond (45.52 ct, Fancy Deep greyish blue)
    Traced to Golconda‑type deposits in India, this stone passed through French royalty before entering private and then museum collections, and today sits at the Smithsonian. Its combination of intense blue colour, provenance, and storied “curse” lore has made it one of the most‑recognised diamonds in the world, frequently used as a reference point in colour‑diamond marketing and exhibitions.
  • Dresden Green (~41 ct natural green)
    The largest known natural green diamond, with an even green hue produced by natural ionizing radiation in the crust. Its high purity and Saxon–European royal‑court history make it a benchmark for both rarity and the link between gemstones and political‑dynastic symbolism.
  • Winston Red (2.33 ct Fancy red)
    A rare old‑mine‑cut Fancy red stone, of which only about 0.04% of fancy colour diamonds attain such a grade. As the only Fancy red diamond on public display, it is a key reference for dealers and collectors benchmarking the value of red‑dominant fancy colours.
  • Taylor‑Burton Diamond
    A 68‑carat pear‑shaped D‑colour stone cut from a 240‑carat rough from South Africa’s Premier‑type deposit, later made famous by Richard Burton and Elizabeth Taylor. Its celebrity‑driven glamour elevated high‑colour‑clarity white diamonds into pop‑culture icons, reinforcing the “diamond as romance” narrative that still dominates bridal‑jewellery advertising.
  • Motswedi Diamond (2,488.32 ct rough)
    Recovered in Botswana in 2024, this is the second‑largest gem‑quality diamond ever discovered and a high‑purity Type IIa crystal. Its size and purity allow scientists to study how carbon crystallizes under extreme pressures deep in the Earth, making it a research‑grade specimen as well as a commercial headline‑maker.
  • Several stones—Hope, Dresden Green, Taylor Burton, and Winston Red—carry strong narratives of royalty, curses, Hollywood romance, and extreme rarity.
  • GIA’s highlighting of these gems on World Diamond Day is a strategic blend of education and soft branding:
  • It positions diamonds as objects of history and art, not just commodities.
  • It reminds buyers, retailers, and media that GIA sits at the centre of authenticating and contextualizing these legendary stones.gia+1

Beyond these diamonds, GIA has documented historic and royal artefacts such as the Marie Thérèse Pink diamond and the Mughal era “Mughal Spectacles,” helping to codify their gemmological and provenance data. This work reinforces its positioning as both a research institute and a preserver of the cultural heritage layer of gemmology, bridging ancient craftsmanship with modern scientific verification.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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