Namibia’s diamond production rises 8% in Q1 2025
Namibia’s diamond production increased by 8% in the first quarter of 2025, reaching 631,000 carats, according to production figures released ...
Tag: De Beers
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 ...
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 ...
De 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 ...
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 ...
Namibian jewellery designers shine at 2024 Shining Light Awards
Three Namibian jewellery designers were among the winners of the 2024 Shining Light Awards. Juliana Fransisko claimed first place in ...
Bank 0f Namibia warns of sustained diamond pressures beyond 2024
The Bank of Namibia (BoN) has warned that ongoing challenges in the mining sector, particularly the diamond industry, could extend ...
De Beers reports 14% decrease in Namibia’s diamond production
De Beers Group says Namibia’s diamond production dropped by 14% in the third quarter of 2024, with total output reaching ...
Nigeria’s Alpha Petroleum secures N$3.5bn Namdeb mining contract
Nigerian-based Alpha Petroleum has announced that it has secured a N$3.5 billion (US$200 million) diamond mining contract in Namibia with ...
Vessel maintenance costs Debmarine Namibia N$3bn annually
Debmarine Namibia's Chief Executive Officer, Willy Mertens, says the marine diamond miner, spends approximately N$3 billion annually on vessel maintenance, ...
