De Beers and Namibia sign 10-year agreement

03972 sizedownsmall De Beers and Namibia sign 10 year agreement03972 sizeupsmall De Beers and Namibia sign 10 year agreement
 De Beers and Namibia sign 10 year agreementThe Government of the Republic of Namibia and De Beers announced an agreement, in principle, for a new 10-year sales agreement involving sorting, valuing and sales of all of Namdeb Holdings’diamonds (production from Namdeb and Debmarine Namibia). This agreement will be the longest sales contract ever agreed between the two partners.

Bruce Cleaver, De Beers’ Executive Head of Strategy, who led the De Beers negotiating team said: “We have a long and proud partnership with Namibia, going back more than two decades. This longer, 10-year sales agreement demonstrates De Beers’ continued commitment to ensuring that diamonds from Namibia continue to play a key role in the socio-economic development of the country”.

Namibia Diamond Trading Company (NDTC) will continue to sort and value all of Namdeb Holdings’ production. De Beers will continue to support the domestic cutting and polishing industry in Namibia, and will increase its commitment by making more diamonds available for manufacturing businesses operating in the country. The agreement will provide for an independent sales outlet for the Government of the Republic of Namibia for 15 percent of Namdeb Holdings’ run of mine production, per annum, over the duration of the sales agreement.



a7ca2 facebookrnd De Beers and Namibia sign 10 year agreement


a7ca2 twitterrnd De Beers and Namibia sign 10 year agreement


c2564 linkedin De Beers and Namibia sign 10 year agreement


c2564 rssrnd De Beers and Namibia sign 10 year agreement


c2564 emailrnd De Beers and Namibia sign 10 year agreement


8dd4e printrnd De Beers and Namibia sign 10 year agreement



8dd4e pinterest De Beers and Namibia sign 10 year agreement


8dd4e googleplus De Beers and Namibia sign 10 year agreement









8dd4e rss icon De Beers and Namibia sign 10 year agreement

e6dee emailcms De Beers and Namibia sign 10 year agreement
e6dee print2 De Beers and Namibia sign 10 year agreement


8dd4e rss icon De Beers and Namibia sign 10 year agreement

e6dee emailcms De Beers and Namibia sign 10 year agreement
e6dee print2 De Beers and Namibia sign 10 year agreement

29b12 closepopup De Beers and Namibia sign 10 year agreement

0556c logo320 De Beers and Namibia sign 10 year agreement

0556c closebuttonsmall De Beers and Namibia sign 10 year agreement

Comments are closed.