Anglo American’s diamond unit De Beers announced Tuesday the launch of Lightbox Jewelry that will begin marketing a new brand of laboratory-grown diamond jewelry in September. 

Namibian diamonds push De Beers’ profits

Namdeb Holdings diamonds helped push De Beers’ profits after they were sold at an average price of US$539 per carat in 2017, the highest in the  world’s leading diamond company’s production, financial results released on Thursday showed. 
Namdia’s first annual report, which is expected to be tabled in Parliament this year, is expected to reveal that it has been selling its 15 percent allocation of diamonds produced by Namdeb Holdings for over and above De Beers selling book price.

Namdeb puts mine up for sale

Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put the Elizabeth Bay Mine up for sale, a company spokeswoman said on Friday.

In May last year, the government and De Beers signed a new 10-year sales agreement for the sorting, valuing and sales of Namdeb Holdings’ diamonds. The sales agreement is the longest ever signed between the two partners.

NDTC upbeat on diamond sector prospects

Namibia Diamond Trading Company (NDTC) is upbeat about the prospects of the global diamond sector this year, amid increased demand for the precious stone. This comes as the local diamond seller, a 50/50 partnership between global diamond miner, De Beers, and the Government of Namibia, says it has been witnessing increased demand for its stones over the course of the year.

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The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

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