Angola Pursues Significant Stake in De Beers. Luanda, Angola — February 8, 2026 — Angola is actively pursuing a 20%-30% stake in De Beers, the renowned diamond division of Anglo American, as part of a broader regional investment initiative, according to local reports.
The move comes as De Beers, facing challenges from falling diamond prices and the increasing popularity of synthetic diamonds, has been put up for sale by Anglo American.
The proposal for the stake acquisition is being discussed with other diamond — producing African nations, aiming to create a regional investment alliance. Angola initially sought a minority stake but later submitted a bid for a majority stake in De Beers, reflecting its significant interest in the company’s operations. Angola’s national director of mineral resources, Paulo Tanganha, highlighted the risks associated with a majority stake in luxury commodities, emphasizing the dependence on market conditions.
Officials commented on the matter. “So to de-risk that, we have to have a portion that is sustainable for our economy. And that range (is) between 20% and 30%, we are happy about that.”.
The global diamond market has been affected by economic factors and the competition from synthetic diamonds, prompting a reconsideration of strategic investments. De Beers, with operations across multiple countries, is one of the world’s leading diamond companies.
The current status of negotiations between Angola and Anglo American, as well as the feelings of other diamond — producing African nations about the proposed regional investment, remain unclear.
The potential impact of this stake acquisition on the diamond market and De Beers’operations is also yet to be determined. Regulatory or political challenges that could affect the deal have not been disclosed. Further details are expected as the negotiations progress.
Source: Africa.
*Additional reporting by ImNews | Sources consulted: 5*
