Botswana plans to double its ownership of diamond producer De Beers from 15% to 30% through the proposed sale of Anglo American’s stake in the company to the Global Diamond Consortium. Anglo put De Beers on the market in 2024 amid weak diamond prices and rising demand for synthetic stones. The consortium was selected as the preferred bidder for the sale, with Botswana supporting the transaction despite having the right of first refusal. The arrangement would make Botswana De Beers’ largest single shareholder, increasing its influence over the company’s strategic direction. Namibia and Angola are also expected to participate, while Swiss luxury group Richemont is among the companies discussing involvement. Beyond natural diamonds, Botswana’s stake in De Beers will provide opportunities in synthetic diamond technology through the company’s subsidiary Element Six, positioning the country to benefit from growing demand for advanced materials used in artificial intelligence and data centers.