The bid pits Angola against Botswana, which already holds 15 percent of De Beers and preserves the right to match any offer. In 2024, Angola overtook Botswana in diamond production value, adding geopolitical weight to the diamond trade.


The move signals Angola’s broader push to reclaim control over its natural resources and attract global investment. Analysts see the bid as part of a regional power shift reshaping Southern Africa’s diamond economy.