DiamondBuzz
De Beers sale will involve Botswana plus one or two buyers
Anglo American is fast-tracking the sale of its crown jewel, De Beers, in an unusually streamlined process that skips the traditional two-round bidding. Instead, the mining giant will move forward with just “one or two” shortlisted buyers — in close coordination with the government of Botswana, its long-time diamond partner. Anglo American is expected to raise $3bn to $4bn from the sale of its 85 per cent stake in the loss-making diamond miner. The remaining 15 per cent is owned by the government of Botswana, which wants to secure a majority holding,
Among those vying for a piece of the diamond major are some familiar industry names. Angola’s state-owned Endiama has proposed a pan-African partnership spanning Botswana, Namibia, and South Africa. Speculation also swirls around potential bids from Qatari and Gulf investors.
Anglo will hold direct talks with selected bidders alongside Botswana, which owns 15% of De Beers through its Debswana joint venture. Wanblad said he expects the sale process to conclude within six months but did not rule out spinning off De Beers if negotiations fail.
The government’s participation marks a shift in tone after President Duma Boko criticized Anglo’s handling of De Beers and said his administration could run it more effectively. De Beers swung to a $189 million loss in the first half of 2025 from a $300 million profit a year earlier amid weak diamond prices, adding pressure for a deal.
Anglo values De Beers at about $5 billion, though analysts at UBS estimate the sale could generate between $3 billion and $4 billion, including deferred payments, given challenging market conditions.
DiamondBuzz
Natural Diamond Council and Dubai Jewellery Group Host a Successful ‘The Diamond Dialogue’ in Dubai
Industry leaders come together to discuss opportunities, challenges, and consumer trust in the diamond sector
Natural Diamond Council (NDC), a global not-for-profit organization collaborating the natural diamond industry and its entire value chain, hosted first-ever edition The Diamond Dialogue in partnership with Dubai Jewellery Group (DJG). The Diamond Dialogue was a thought-provoking industry roundtable that brought together leading voices from the UAE’s jewellery sector to discuss the evolving landscape of the natural diamond industry.
The session, held in Dubai, brought together key stakeholders, including retailers, industry leaders, and trade experts, for a candid exchange on the current challenges and opportunities shaping the diamond sector. Discussions centered on how the industry can better connect with today’s well-informed yet easily distracted consumer, ensuring that the emotional and enduring value of natural diamonds continues to shine through every interaction.
With the advent of lab-grown diamonds, experts reiterated that knowledge remains the cornerstone of trust and the strength of the diamond community. The dialogue emphasized the importance of clear and transparent communication, helping consumers understand that natural and lab-grown diamonds represent two distinct and parallel markets. Participants collectively agreed that honesty, transparency, and clarity must guide every engagement with consumers.
The session was moderated by Richa Singh, Managing Director – India & Middle East, Natural Diamond Council (NDC), and featured perspectives from Tawhid Abdullah, CEO, Jawhara Jewellery & Chairman, Dubai Jewellery Group; K.P. Abdul Salam, Vice Chairman, Malabar Group; Anuraag Sinha, Managing Director, Liali Jewellery; Chandu Siroya, Owner, Siroya Jewellers; and Amit Dhamani, CEO and Managing Director, Dhamani Group.
Our special guest, Mr. Ahmad Ali Moosa, Director of the Consumer Protection Department at the Dubai Corporation for Consumer Protection and Fair Trade (DCCPFT), offered a unique perspective on the importance of building a transparent ecosystem that prioritizes consumer trust and protection.

Commenting on the session, Richa Singh, Managing Director, Natural Diamond Council, “We’ve always envisioned The Diamond Dialogue as an open and honest conversation that leads to real action. Dubai has been the first market to embrace this initiative and to collaborate with us in moving the conversation forward. It’s inspiring to see industry leaders, retailers, and government stakeholders come together with a shared purpose, to strengthen trust, educate consumers, and shape a stronger, more transparent future for natural diamonds.”
Commenting on the session, Tawhid Abdullah, Chairman, Dubai Jewellery Group, “Dubai continues to be a beacon for the global jewellery trade, a place where innovation, integrity, and tradition converge. We are the most established jewellery market in the region and are thrilled to have NDC lead this important conversation. The Diamond Dialogue is an important step toward strengthening our collective voice and ensuring we uphold the highest standards of transparency and consumer confidence in natural diamonds.”

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