Diamonds
Stay updated on Namibia's diamond industry, featuring mining news, market insights, and innovations driving the future of diamond production.
Debmarine to retire two diamond vessels
Debmarine Namibia has announced plans to reduce its marine diamond recovery fleet from seven vessels to five, as the company...
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Debmarine Namibia to cut diamond output by 5% in 2025
Debmarine Namibia has announced plans to reduce its diamond production by 5% in 2025, setting a target of 1.5 million...
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US tariffs threaten Namibia’s diamond sector
#image_title Namibia’s diamond industry faces growing risks from newly introduced U.S. tariffs, compounding existing challenges of low demand and rising...
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Diamond sector underperformance weighs on Namibia’s economic outlook – Finance Minister
Namibia’s Finance and Social Grants Management Minister Ericah Shafudah has flagged the diamond sector’s ongoing underperformance as a significant vulnerability...
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Debmarine revenue drops 38% amid diamond market slump
Debmarine Namibia has reported a 38% decline in revenue to N$8.5 billion for 2024, attributing the drop to reduced diamond...
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Namibia braces for N$6 billion dip in diamond tax revenue
The Namibia Revenue Agency (NamRA) expects tax revenue from diamonds to decline by N$6 billion this year due to depressed...
Read moreDetailsDe Beers invests N$754 million in Namibia
De Beers increased its capital expenditure in Namibia to N$754 million (U$41 million) in 2024, up from N$643 million (U$35...
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Namibia’s rough diamond production declines in 2024
Namibia produced 2,234 million carats of rough diamonds in 2024, a 4% decrease from the 2.327 million carats of diamonds...
Read moreDetailsNamibia urges SMEs to tap into diamond sector opportunities
#image_title Namibia’s Mines and Energy ministry has called on small and medium enterprises (SMEs) to capitalize on opportunities in the...
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Namibia’s G7 certification to be determined after February 2025
The Ministry of Mines and Energy says Namibia’s G7 diamond certification will not be decided until after February next year....
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