De Beers sourced stones from the Belgian Congo while Angola provided stones to the De Beers cartel.

The entities involved

• De Beers →

  International corporation that specialises in diamond exploration, diamond mining, diamond retail, rough diamond sales and industrial diamond manufacturing

  • Botswana's diamond industry faces economic pressure due to falling Chinese demand, prompting the country to seek international support and investment.Sun 08:52
  • Trials are underway for biofuels and circularity, with operations based in South Africa and support for Kelp Blue in Namibian waters.Wed 14:52
• Angola →

  country on the west coast of Southern Africa

  • Angola is positioned as a hub in Southern Africa.Mon 15:54
  • ReconAfrica holds petroleum licenses and is conducting exploration in Gabon, Namibia, Angola, and Botswana.Mon 13:31
• Belgian Congo →

  former Belgian colony corresponding to the modern-day Democratic Republic of the Congo

  Nothing else this week.

Related events

• De Beers is facing operational challenges in the diamond market, including oversupply from Angola and a production pause at Venetia, all while geopolitical tensions in the Middle East affect trade.Jul 14