Angola Seeks 20%-30% Stake in De Beers Amid Diamond Market Challenges
Angola is actively pursuing a 20% to 30% stake in De Beers, a leading diamond company owned by Anglo American. This move comes as part of Angola's strategy to secure a sustainable portion of the diamond market, which is currently facing challenges due to falling diamond prices and the rise of synthetic diamonds. Angola's initial bid for a majority stake in De Beers was submitted in October 2025, but the country has since adjusted its target to a minority stake. The decision to seek a smaller stake is aimed at reducing risk while ensuring economic sustainability. Angola's state-owned diamond miner, Endiama, and its national diamond trading company, Sodiam, are expected to manage the stake on behalf of the government. Discussions are ongoing with other diamond-producing African nations, including Botswana, Namibia, and South Africa, to reach a consensus on how each country can benefit from a stake in De Beers. 
