• 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 Latest

Namibia ranks among top five diamond exporters in Africa

by editor
October 18, 2023
in Latest
47
A A
57
SHARES
957
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

India-Namibia trade tops N$14.2 billion as Modi calls for deeper ties

NIPAM launches the Public Sector Awards

Fitch sees stable future for NamWater despite weak operating conditions

The Kimberley Process Certification Scheme (KPCS) has revealed that Namibia is among the top five African diamond exporters, ranking fourth behind Botswana, Angola and South Africa.

This comes after Namibia extracted 2.1 million carats worth an estimated N$23bn (US$1.2 billion) last year. 

According to KPCS, the country’s diamond exports amounted to 1.8 million carats, worth N$17.7 billion (US$942.4 million), with the average export value per carat standing at approximately N$10,000 (US$533.6).

On the other hand, Namibia imported 94,000 carats valued at N$2.7 billion (US$145.4 million), with an average value per carat of around N$29,156 (US$1,546).

Despite producing fewer diamonds by volume compared to other African producers, its high average value per carat solidifies its place among the top players.

Based on exports, Namibia ranks among the top three African nations in the diamond industry

The country imported 51 KPCS-certified diamonds and exported 241, as KPCS data reveals Namibia is among the top five producers in Africa, despite countries like Botswana, the Democratic Republic of Congo, and South Africa producing higher volumes of diamonds.

In the first half of this year, Namdeb produced 0.230 million carats of rough diamonds from its land-based operations, a 50% increase from 0.153 million carats produced the prior year.

Debmarine Namibia’s production in the period under review, increased by 0.503 million carats from 0.077 million carats in the second quarter of 2022.

Debmarine’s total production for the six months, according to De Beers production figures, has increased by 16% to 1.001 million from 0.863 million.

De Beers’ rough diamond production decreased by 5% year-on-year to 7.6 million carats in the second quarter because of the planned reduction in South Africa. 

Rough diamond production in Botswana increased by 6% year-on-year to 5.8 million carats, driven by the planned treatment of higher-grade ore at Orapa, but partially offset by lower throughput at Jwaneng owing to planned maintenance.

Despite the lower second-quarter production, De Beers expects to meet its full-year production guidance of 30 million to 33 million carats.

 

 

 

 

 

author avatar
editor
See Full Bio
Tags: mining
Share23Tweet14Share4
Previous Post

TotalEnergies bullish on Namibia oil and gas prospects

Next Post

Elevating communications and goal setting with a customer/client focus

Recommended For You

India-Namibia trade tops N$14.2 billion as Modi calls for deeper ties

by reporter
July 10, 2025
0
India-Namibia trade tops N$14.2 billion as Modi calls for deeper ties

India-Namibia bilateral trade has exceeded N$14.2 billion (US$ 800 million), Indian Prime Minister Narendra Modi announced during an address to the Namibian Parliament, reaffirming his country’s commitment to...

Read moreDetails

NIPAM launches the Public Sector Awards

by reporter
July 9, 2025
0
NIPAM launches the Public Sector Awards

The Namibia Institute of Public Administration and Management (NIPAM) will host its first-ever Public Sector Awards on 11 July 2025 at the NIPAM Campus in Windhoek. This groundbreaking...

Read moreDetails

Fitch sees stable future for NamWater despite weak operating conditions

by reporter
July 7, 2025
0
Fitch sees stable future for NamWater despite weak operating conditions

Fitch Ratings has affirmed Namibia Water Corporation (NamWater) Limited’s long‑term foreign‑ and local‑currency issuer default ratings at BB‑ with a stable outlook. According to the report, despite operating...

Read moreDetails

NAMCOR posts N$1.26 billion loss, debt stands at N$1.6 billion

by reporter
July 6, 2025
0
NAMCOR posts N$1.26 billion loss, debt stands at N$1.6 billion

The National Petroleum Corporation of Namibia (NAMCOR) has posted a net loss of N$1.26 billion for the 2022/23 financial year, largely due to the underperformance of its trading...

Read moreDetails

NamRA rules out extension to individual tax return deadline

by reporter
June 30, 2025
0
NamRA rules out extension to individual tax return deadline

The Namibia Revenue Agency (NamRA) maintains that 30 June remains the official deadline for submitting individual income tax returns, urging taxpayers to file without delay. Speaking on the...

Read moreDetails
Next Post
Elevating communications and goal setting with a customer/client focus

Elevating communications and goal setting with a customer/client focus

Related News

Angola claims R166 billion recovered from graft cases

Angola claims R166 billion recovered from graft cases

February 11, 2022
Namibia lifts avian flu control measures, battles cattle lung disease

Namibia lifts avian flu control measures, battles cattle lung disease

August 8, 2022
Namibia exports N$1.7 billion horticulture produce

Namibia exports N$1.7 billion horticulture produce

January 30, 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.