RAPAPORT – Namibia is considering establishing a company to sell diamonds outside of the De Beers framework that is currently in place.
“Our diamonds are sold through a joint venture with De Beers but we are considering setting up a company through which we will be able to sell our gems directly to the trade,” Isak Katali, Namibia’s Minister of Mines and Energy, said at the World Diamond Congress meeting in Antwerp.
Katali, pictured, noted that the government is still in the negotiation stage to set up the company. He explained that the idea is to give diamond dealers and manufacturers an opportunity to buy diamonds directly from Namibia.
Diamonds are mined in Namibia by Namdeb, which is a joint venture between the government and De Beers…
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