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.
Namdia allocated minimum of US$150m diamonds for international sales
Out of a total of US$430 million worth of diamonds earmarked for local manufacturing, which is in line with the marketing and sales agreement between Namibia and De Beers signed in 2016, Namib Desert Diamonds (Namdia) has been granted the right to 15 percent, or a minimum of US$150 million, for international sales.