Angola and Botswana are making strategic moves in the global diamond industry.
Angola’s state-owned diamond firm, Endiama, has announced plans to raise production to 17 million carats by 2027 after recording its highest output in 2024. The milestone strengthens Angola’s standing as the world’s third-largest rough diamond producer by volume, behind Russia and Botswana.
At the same time, Angola is reportedly exploring the acquisition of a 20–30% strategic stake in De Beers, the historic diamond giant founded by Cecil Rhodes in 1888 in South Africa.
Botswana is also increasing its positioning around De Beers, with the government reportedly buying out a 15% stake. For decades, De Beers has mined hundreds of millions of carats across Southern Africa — particularly in South Africa, Botswana, and Namibia — generating tens of billions in revenue.
If finalized, a combined stake of over 30% by Angola and Botswana would mark a significant shift in ownership dynamics within one of the world’s most influential diamond companies — signaling a new era of greater African participation in the global diamond value chain.
Source: africandiasporainternational
