DiamondBuzz
Botswana’s VP expresses confidence in ongoing efforts to secure a buyer for De Beers
Botswana’s Vice President Ndaba Gaolathe has expressed strong confidence in the ongoing efforts to secure a buyer for De Beers, as Anglo American prepares to divest from its diamond operations. His remarks, delivered during an interview in Washington, suggest that the process is progressing well and that there is broad international interest in acquiring Anglo’s 85 per cent stake in the iconic diamond company.
The sale comes amid Anglo American’s strategic pivot away from diamonds and other assets to concentrate on copper, a sector currently yielding higher returns. De Beers has seen its valuation decline sharply in recent years, with Anglo having written down its value twice in the past 13 months. Once a cornerstone of the group’s portfolio, De Beers is now valued at $4.1 billion, significantly lower than when Anglo assumed full control in 2012.
Crucially, Gaolathe indicated that Botswana — already holding a 15 per cent stake in De Beers — is considering a substantial increase in its ownership, potentially up to 50 per cent. Such a move would mark a major shift in the company’s ownership structure and could redefine the power dynamics within the global diamond industry. Botswana, as one of the world’s largest diamond producers, has long been a key partner in De Beers’ supply chain, and this increased stake would reinforce its strategic influence over the sector.
The government’s willingness to expand its stake also reflects a broader effort by resource-rich nations to assert greater control over their mineral wealth and to ensure that profits from extraction are more equitably shared. If realized, Botswana’s expanded role in De Beers could serve as a model for other producing countries seeking to balance economic development with stronger national participation in global value chains.
With a sale or IPO expected by the end of 2025, the coming months will be critical in shaping the future of one of the diamond industry’s most storied names. Will Botswana emerge as a dominant shareholder, or will another global player step in? Either way, the outcome is likely to reshape the contours of the international diamond trade.
DiamondBuzz
Divine Solitaires Reinforces The Value Of Diamonds Amid Rising Gold Prices and Evolving Consumer Sentiment
Divine Solitaires Shares Its Perspective On Why Natural Diamonds Remain A Timeless and Relevant Choice For Modern Buyers.
Amid recent debates about rising gold prices and changing consumer purchasing habits, Divine Solitaires has provided a timely brand viewpoint pushing customers to reconsider how they approach milestone and aspirational purchases. Drawing on the greater economic conversation about reduced gold dependency and smarter purchasing choices, the brand has proposed a simple but relevant idea: halting gold purchases does not have to imply pausing personal celebrations or dreams.

Built around the message, “A Golden Pause. A Diamond Moment.”, the brand’s latest communication reflects the current market reality, where consumers are becoming more mindful of gold purchases amid unprecedented bullion price hikes and evolving government measures impacting the gold sector. Divine Solitaires believes this moment presents an opportunity for buyers to shift their focus toward natural diamonds, which continue to hold emotional, symbolic, and long-term value for milestone moments.
The idea also stems from a broader industry and economic perspective. While more than 90% of the gold consumed in India is imported, India’s natural diamond ecosystem remains deeply connected to the country’s economy, with Indian artisans cutting and polishing over 90% of the world’s diamonds, most of which are exported globally. Divine Solitaires highlights how choosing natural diamonds not only celebrates emotional and milestone moments, but also supports Indian craftsmanship, employment, foreign exchange generation, and the country’s global leadership in the diamond industry.

Additionally, the brand positions solitaire diamond coins as meaningful modern purchases that can serve as a thoughtful alternative to traditional gold coins. While gold coins often offer limited value addition to the Indian economy due to high import dependency, natural diamonds contribute significantly to India’s craftsmanship, exports, employment, and global industry leadership combining emotional value with lasting economic impact.
Commenting on this perspective, Jignesh Mehta, Founder and MD, Divine Solitaires, said:

“Jewellery has always been deeply emotional, whether it marks love, achievement, commitment, or self-reward. At Divine Solitaires, we looked at the current gold price scenario and felt there was a larger, more relevant consumer conversation to participate in. If buyers are consciously holding back on gold due to current market conditions, it doesn’t mean their celebrations or aspirations should be put on hold.”
He further added,”Natural diamonds offer timeless emotional value and remain deeply aspirational. At the same time, they are part of an industry where India has built extraordinary global leadership through its craftsmanship and processing expertise. This is our way of encouraging consumers to think differently, thoughtfully, and meaningfully in the current environment.”
With this, Divine Solitaires maintains its position as a brand that goes beyond product-driven conversations, engaging with real customer sentiment and bigger societal developments while underlining natural diamonds’ enduring value.
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