Namibia’s state-owned diamond marketing company, Namib Desert Diamonds (NAMDIA), recorded diamond sales exceeding N$2.42 billion in 2024, according to its first-quarter report, citing figures from the 2024 Annual Global Summary by the Kimberley Process Certification Scheme (KPCS).
The report highlights that Namibia maintained its position as one of the world’s top producers of high-value diamonds.
Despite a general decline in average diamond prices across many producing countries, Namibia achieved a national average price of N$7,461.25 (US$416.88) per carat.
“According to the Kimberley Process Certification Scheme (KPCS) Annual Global Summary for 2024, Namibia continues to stand out as a producer of some of the world’s highest-value diamonds. While most diamond-producing countries recorded significantly lower average prices, Namibia achieved a national average of US$416.88 per carat, reflecting the superior quality of its rough diamonds,” the report stated.
NAMDIA outperformed both national and global benchmarks by securing an average selling price of N$9,273.21 (US$518.28) per carat, demonstrating the company’s success in targeting premium markets.
“This exceptional performance underscores NAMDIA’s strategic role in discovering fair market value and securing maximum benefit from every carat sold,” the report added.
Since its establishment, NAMDIA has handled over 2.1 million carats of rough diamonds, marketed through what the company describes as “carefully selected premium channels.”
In 2024, Namibia produced a total of 2,318,499.01 carats of rough diamonds, with a production value of N$17.10 billion (US$956 million), placing the country among Africa’s leading diamond producers.
