Canada’s Osino Resources may seek around N$3.8 billion (US$250 million) in 2022 to build a gold mine at its Twin Hills project in Namibia, CEO Heye Daun said.

Twelve young jewellery designers – three each from Botswana, Canada, Namibia and South Africa – won awards during this year's Shining Light Awards, which is hosted by diamond miner De Beers and honours the next generation of jewellery designers.

Namib Desert Diamonds (NAMDIA) says its after tax profits declined by 86% to N$13.3 million for the 2020/2021 financial year, as a result lockdown and travel restrictions emanating from the COVID-19 pandemic.

Namibia’s diamond production increased by 65% to 0.4 million carats in the third quarter (Q3) compared to 0.242 million carats produced the same period last year, latest figures from De Beers show.

World number one diamond producer by value De Beers reported a 6.1% dip in rough diamond sales in its eighth sales cycle of the year, bringing its year-to-date sales almost in line with 2019’s total.