Botswana’s government is actively pursuing a stake in De Beers amid evolving dynamics in the global diamond industry. Although the country currently holds a 15 percent interest in the mining company, Botswana is exploring ways to acquire a larger share, potentially purchasing the remaining 85 percent currently owned by Anglo American.

Anglo American has been attempting to sell its controlling stake in De Beers for the past two years, with the asking price steadily declining from an initial valuation of $12.75 billion in 2011. Botswana is reportedly considering financing the acquisition through partnerships with investors from Oman and the United Arab Emirates or by forming a consortium with other African nations, including Angola.

This move follows a previously announced but ultimately uncompleted plan by Botswana’s former president to acquire 24 percent of HB Antwerp, a company involved in the polished diamond trade. The Botswana government has since shifted focus toward gaining a more substantial share of De Beers itself. Industry observers have described the effort as a challenging endeavor, reflecting the risks associated with investing in an asset whose market value has been under pressure.

Al Cook, CEO of De Beers, suggested recently that a sale could be finalized within weeks, though some involved officials have expressed more cautious optimism. A representative identified as Johnson acknowledged ongoing progress toward a deal but indicated uncertainty over the exact timing of its conclusion.

At the Orapa mine, one of Botswana’s key diamond-producing sites, local voices emphasize the broader social impact of the diamond industry. Bumo-Motswaiso, a community member, conveyed a message aimed at consumers abroad, particularly in the United Kingdom, highlighting how diamond purchases can significantly benefit Botswana's communities. “I believe that if people get to know how much you buying a diamond changes our lives, we will be right back on track,” Bumo-Motswaiso said.

As Botswana continues negotiations, the outcome could reshape the ownership structure of one of the world’s most prominent diamond companies, underscoring the country’s ambitions to secure greater control over its natural resources and the economic benefits they generate.