Namibia: Concerns Raised Over G7 Diamond Routing Through Belgium

Namibia Diamond Trading Company (NDTC) has shared president Nangolo Mbumba’s concerns over the implications of new G7 regulations requiring all non-Russian diamonds destined for G7 countries to be routed through a single verification node in Belgium.

This, Mbumba says, has potential economic impacts for Namibia.

He said this during his first meeting with King Philippe of Belgium in Windhoek last week.

“This decision poses a serious risk and threat to our economies (Angola, Botswana and Namibia) by…

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