De Beers is giving its sightholders more breathing room, stretching the current supply agreement until June 30, 2026. The move, announced Friday, comes as the diamond industry weathers turbulence from shifting US tariffs and broader global uncertainty.

The extension delays De Beers’ plans to trim its sightholder roster from the present 69 and pushes back the rollout of its next supply framework. Customers will receive formal “extension letters” in Q4.

De Beers typically holds 10 sights annually in Gaborone, Botswana, where sightholders commit to buying set allocations of rough in exchange for reliable supply. For now, the miner is holding off major structural changes.

The extension also coincides with mounting interest from Botswana and Angola, both exploring stakes in De Beers — though the company cites only “external conditions” as the official reason for the pause.

There are approximately 53 international Sightholders currently buying rough diamonds from De Beers’ Global Sightholder Sales (GSS), plus 40 sightholders in Botswana and 14 in Namibia, but many companies are sightholders in multiple location. The likely total is around 60.