Namibia to emulate Botswana trade in diamonds

Namibia is looking to emulate Botswana’s international trade in diamonds by selling a portion of the minerals mined in the country by Namdeb Diamond Corporation from next year.This will come into effect, pending the establishment of a company that will directly sell the precious stones, Mines and Energy Minister Isak Katali was quoted as saying on Thursday.

“Since last year, the government has been negotiating with De Beers to establish a solely state-owned diamonds marketing company,” Katali told The Southern Times.

The minister said negotiations are expected to be completed by December 2014…

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