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.


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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