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.
Alrosa diamond mining company’s management and some diplomats from diamond producing countries met in Moscow, Russia, in 2007 to discuss prospects of cooperation. The meeting was attended by representatives of Angola, Belgium, Zimbabwe, Canada, Congo, Tanzania, Sierra Leone, South Africa and Japan.

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