16 May 2016
The Government of the Republic of Namibia and The De Beers Group of Companies today 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.
Namibia will see a significant increase in rough diamonds made available for beneficiation as a result of the agreement, with US$430 million of rough diamonds being offered annually to Namibia Diamond Trading Company customers. As part of the agreement, all Namdeb Holdings’ Special Stones will be made available for sale in Namibia.