DiamondBuzz
Namibia wishes to acquire a minority stake in De Beers
Namibia has entered negotiations to acquire a minority stake in De Beers, with cabinet approval granted in principle for a three-nation African consortium bid.Target stake: 10–15% at an estimated cost: NAD 9.8–14.8 billion ($570–860 million)
Namibia is coordinating with Angola and Botswana to pool resources for the acquisition, recognizing that individual financial capacity limits their ability to secure meaningful ownership. Anglo American currently owns 85% of De Beers, a stake that has been on the market since 2024. Botswana, which already holds the remaining 15%, has expressed interest in increasing its share and potentially securing majority control. Meanwhile, Angola—initially exploring only a minority position—has unexpectedly escalated its ambitions by placing a bid for Anglo’s entire 85% stake.
Financial capacity remains the primary concern. Namibia acknowledges that collaboration is essential to transform regional diamond production into regional diamond ownership.
The Fancy Color Research Foundation (FCRF) has launched an in-depth online training course for retailers to guide them toward successful colored-diamond sales.
The “Winning Strategies for Color Diamond Professionals” classes will begin next week, the organization said Tuesday. The sessions cover the Interdisciplinary Unit (IDU) grading standard, used to assess a color diamond’s beauty. Participants will also learn about the three visual factors that influence value and their use in sales conversations, as well as how to discuss rarity using precise terminology, interpret a diamond’s price history, and assess the visual presence of a colored diamond relative to colorless stones.
The free master classes are on-demand sessions that currently include 14 episodes. They are available to all professionals.
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