NAMDIA

Namib Desert Diamonds (Pty) Ltd is a cutting edge diamond marketing and sales company, perfectly positioned to create a sustainable route to market and sell a portion of Namibias unique and highly sought-after diamonds. PUBLIC ENTERPRISE OF THE YEAR 2023 AWARD WINNER Established in 2016 by the Government of the Republic of Namibia, it trades as a private company, governed by the Companies Act, with limited liability. NAMDIA was established as a result of the signing of a Sales and Marketing Agreement between the Government of the Republic of Namibia and the De Beers Group of Companies relating to Namdeb Holdings diamonds. In terms of this agreement, NAMDIA is to purchase (on behalf of the Government of the Republic of Namibia), a Purchase Entitlement consisting of 15% per annum of Namdebs total run-of-mine production. Its objective is to serve as a price discovery mechanism for the Namibian government by trading in rough diamonds on the global market and create a Namibian footpri...