Namdia Equipment

NAMDIA GARNERS USD$143M IN FIRST ANNUAL SALES

RAPAPORT… Namibia’s rough-diamond division is expanding its client base, after seeing strong sales in its first year of operations.

Namdia garnered revenue of NAD 2 billion (USD$142.8 million) in the 12 months that ended February 28, and last week declared a dividend of NAD 50 million ($3.6 million) to the government. It reported an after-tax profit of NAD 139.4 million ($10 million).

Continue Reading

NAMDIA PAYS N$50 MILLION DIVIDEND TO SHAREHOLDER

Namdia recently declared dividends of N$50 million to our shareholder – the Government and People of Namibia. The dividend handover was done by our CEO, Kennedy Hamutenya to the Minister of Mines and Energy, Honourable Tom Alweendo at the Ministry of Mines and Energy last week. Please see Kennedy’s full speech below:

Continue Reading

Namdia optimistic about 2018

Namib Desert Diamonds’ (Namdia) outlook for the Namibian diamond industry in 2018 is positive despite a few challenges.
In a media statement, Namdia Chief Executive Officer Kennedy Hamutenya said the industry remains firm despite challenges such as the long-term demand for natural diamonds in light of the introduction of man-made synthetic diamonds.
“We in Namibia stand strong on the evidence that we have some of the finest high quality gemstones in the world for which there will always be a demand”, he said.

Continue Reading
Namdia Management Team

NAMDIA never sold a single stone undervalued or in Dubai – Hamutenya

Windhoek-Chief Executive Officer of Namib Desert Diamonds (NAMDIA), Kennedy Hamutenya, has rubbished allegations that the newly established company sold Namibian diamonds below market value.

NAMDIA was established in 2016 to trade Namibian rough diamonds directly in the international markets without using middlemen and not through De Beers, as is the case with the rest of the 85 percent of the diamonds marketed and sold through them.

Continue Reading
Namibia Diamonds

HOW MUCH IS THE INTERNATIONAL MARKET WILLING TO PAY FOR NAMIBIA’S GEM QUALITY DIAMONDS?

Windhoek – Namibian diamonds are of the highest quality in the world. The world’s diamond manufacturers and diamantaires, therefore, have a great appetite for these precious stones. This is the view of Kennedy Hamutenya, Chief Executive Officer of Namib Desert Diamonds (NAMDIA), which was established in 2016 “to discover the price of Namibia’s rough diamonds in the international market”

Continue Reading