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De Beers sale was a focal issue at Mining Indaba conference

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The prospective sale of De Beers was clearly on the minds of attendees at this week’s Mining Indaba conference, with Anglo American CEO Duncan Wanblad calling the process “relatively far advanced,” an Angolan minister discussing what his country wants, and former De Beers chief Gareth Penny  spelling out his ideas for the company.

Wanblad told the Financial Times that he hopes Anglo’s 85% stake in De Beers will be sold sometime this year, with the buyer most likely some form of public-private partnership. Any deal will “almost certainly” include Botswana boosting its current 15% stake in De Beers.

Meanwhile, Paulo Tanganha, national director of mineral resources for a different diamond-producing nation, Angola, told Reuters that his country hopes to purchase 20% to 30% of De Beers, a change from previous reports that Angola was seeking majority ownership.He declined comment on how Angola would fund its stake.

Also during the Cape Town conference, Penny—who is involved with one of the groups that hopes to purchase De Beers—was of the opinion that the diamond industry needs a big global leader, and that it needs to be De Beers.

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DiamondBuzz

The Great Indian Diamonds: A Closer Look At India’s Most Iconic Diamonds

De Beers Highlights India’s Historic Role In Shaping The Global Diamond Legacy Through A Curated Archive Of Iconic Gems

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De Beers’ A Diamond is Forever marks Diamond Month with the release of “The Great Indian Diamond Archive”, a deep dive into 12 of the world’s legendary diamonds, all of which trace their origins back to India.

For centuries, diamonds have drawn attention for their brilliance and rarity, often associated with wealth, power, and prestige. What is less widely known, however, is that the story of diamonds began in India. Some of the most famous diamonds in the world, including the Koh-i-Noor, trace their origins back to the country.

At a time when much of the world was unfamiliar with diamonds, India had already established itself as a centre for diamond mining. The Golconda region was one of the earliest and most significant sources, producing several historic gems. Many of these diamonds were found along the Krishna River and eventually travelled across continents through trade, becoming part of royal treasuries.

Historical records suggest that diamond mining in India dates back to the 4th century BCE, making it one of the oldest known traditions in the world. Over time, these diamonds became associated with different rulers, empires, and geographies, each adding a new layer to their identity.

Diamonds such as the Koh-i-Noor, Hope Diamond, Regent, and Daria-i-Noor continue to be among the most talked about and valuable gems globally. Today, some are housed in museums, while others remain part of private or royal collections. Several of these diamonds have also been re-cut over time, changing both their appearance and identity.

Bringing these stories together, The Great Indian Diamond Index presents 12 of the most prominent diamonds associated with India. Developed as part of De Beers’ initiative, the index brings them into one place for the first time.

Rather than looking at these diamonds only as precious objects, the index traces their full journey—from their natural origins to their historical and cultural significance. It combines physical attributes with context to offer a more complete view of their legacy.

The list has been compiled using a structured research framework developed specifically as The Great Indian Diamond Index.

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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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