• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Thursday, July 10, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies

NAMDIA eyes Far East markets, amid projected revenue surge 

by editor
March 13, 2024
in Companies
57
A A
31
SHARES
10.7k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Namib Desert Diamonds (NAMDIA) says it is strategically expanding its horizons to the Far East markets, with a keen focus on Vietnam and Hong Kong.

You might also like

Namibia’s June inflation hits 3.7%, driven by food, alcohol and housing

O&L Leisure launches rewards programme to encourage local travel

NamRA collects N$12.78 billion in first two months of financial year

The move comes as NAMDIA anticipates a notable surge in its revenue projections.

NAMDIA Chief Executive Officer Alisa Amupolo revealed the company’s strategic move, citing the growing potential of the emerging markets amidst increased demand for diamonds.

“We’re considering expanding our horizons, especially with the volatility in the Chinese market due to the housing crisis. We see opportunities emerging in the Far East, particularly in strategic markets like Vietnam and Hong Kong,” she said.

However, she added that traditional markets like India, Dubai, and Antwerp remain a primary focus and hold significant potential.

“With the emergence of the new middle class and other economies on the rise, the markets once considered frontier, such as the US and China, have shifted. Now, we see the emergence of periphery markets where growing disposable incomes present opportunities for us to capitalise,” she said.

Amupolo addressed concerns about the impact of decreasing diamond prices on revenue projections, acknowledging the market’s unpredictability.

On clientele, she noted that the majority of NAMDIA’s diamond inventory—80%—comprises series goods, ranging from five to ten carats down to dust, and another 20% consists of fancy and special diamonds, sought after by ultra-high-net-worth individuals.

The CEO expressed optimism regarding the gradual normalisation of diamond prices, citing improvements observed in the industry during the recent cycle.

“Even though we’re coming from a gloomy year where the market was very volatile, we have recorded some reasonably acceptable top line,” she said.

Regarding the negotiation with the government regarding purchase entitlement, Amupolo stated, “we believe now that we are a royal oil machine, we’re able to handle more,” reflecting NAMDIA’s optimism about handling a larger share of the purchase entitlement, which currently stands at 15%.

NAMDIA is entitled to buy a 15% share of Namibia Diamond Trading Company’s diamonds every month.

NAMDIA generated total revenue of N$3.1 billion for the 2022/23 financial year, the highest in its six years of existence, including an all-high dividend declaration of N$300 million to the government. 

The revenue represented a 63% increase from N$1.9 billion generated in the 2021/22 financial year. 

The diamond marketing company netted a gross profit of N$628 million during the period and a profit after tax of N$409 million.-miningandenergy.com.na

author avatar
editor
See Full Bio
Tags: africa newsAlisa Amupolochinacompaniesdiamond marketsdiamondsNamib Desert Diamondsnamibianamibia diamondsnamibia news
Share256Tweet160Share45
Previous Post

Namibia’s population increases by 114% over 32 years

Next Post

Hands-on with your website

Recommended For You

Namibia’s June inflation hits 3.7%, driven by food, alcohol and housing

by reporter
July 10, 2025
0
Namibia’s June inflation hits 3.7%, driven by food, alcohol and housing

Namibia’s annual inflation rate stood at 3.7% in June 2025, with food, alcoholic drinks, and housing costs being the main drivers, according to the Namibia Statistics Agency (NSA)....

Read moreDetails

O&L Leisure launches rewards programme to encourage local travel

by reporter
July 10, 2025
0
O&L Leisure launches rewards programme to encourage local travel

O&L Leisure has introduced a new rewards programme aimed at encouraging more Namibians to travel locally, offering significant discounts on accommodation and dining across its properties. The Leisure...

Read moreDetails

NamRA collects N$12.78 billion in first two months of financial year

by reporter
July 9, 2025
0
NamRA sees drop in illegal vehicle imports following moratorium

The Namibia Revenue Agency (NamRA) has collected N$12.78 billion in revenue between 1 April and 31 May 2025, as part of the current financial year. Of this total,...

Read moreDetails

Namibia’s national parks generate over N$140m annually

by reporter
July 9, 2025
0
Northern Namibia leads tourism growth with 58% occupancy in May

Namibia’s protected areas generate more than N$140 million annually from tourism and conservation fees and support the livelihoods of at least 500,000 people, according to a revised draft...

Read moreDetails

Namibia backs India’s pharmaceutical hub proposal

by reporter
July 9, 2025
0
Namibia backs India’s pharmaceutical hub proposal

Namibia has expressed its full support for India’s proposal to establish a pharmaceutical manufacturing hub in the country under the “Pharmacy of the World” initiative. President Netumbo Nandi-Ndaitwah...

Read moreDetails
Next Post
Hands-on with your website

Hands-on with your website

Related News

EU invests N$36m to improve Windhoek’s waste management

EU invests N$36m to improve Windhoek’s waste management

October 25, 2022
DBN, NHE partner to deliver  affordable, sustainable housing in Namibia

DBN, NHE partner to deliver  affordable, sustainable housing in Namibia

November 26, 2024
China pledges N$1.5-billion grant to Namibia for housing, drought relief 

China pledges N$1.5-billion grant to Namibia for housing, drought relief 

September 9, 2024

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.