Namibia’s diamond beneficiation strategy generated N$3.4 billion in rough diamond sales to 13 local Sightholders in 2024, according to De Beers Group’s latest Sustainability Report.
The sales were made through the Namibia Diamond Trading Company (NDTC), the 50:50 joint venture between De Beers and the Namibian Government.
“Namibia’s beneficiation highlights include $191 million in sales of rough diamonds to 13 local Sightholders selected for the current contract period,” the report stated.
Total diamond production for the year reached 2.23 million carats, while Namdeb Holdings supported 3,624 jobs. The sector contributed N$2.4 billion in taxes and royalties, with combined fiscal and economic contributions amounting to N$9.6 billion.
Infrastructure investments included a new crew change facility and an upgraded airport terminal at Oranjemund.
Through the Debmarine-Namdeb Foundation, social and environmental projects also advanced, including the design of a seabird rescue facility in Lüderitz to protect the endangered African Penguin. Both Namdeb and Debmarine aligned operations with Anglo American’s Biodiversity Standard.
“Once a biodiversity management programme is in place, Debmarine Namibia and Namdeb will also be using it to support the country’s National Biodiversity Plan and Global Biodiversity Framework,” the report stated.
