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Namibian Diamond Factories Decimated in Downturn, Mining Minister Says

Nov 25, 2015 10:22 AM   By Rapaport News
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RAPAPORT... Nine Namibian diamond-cutting and polishing factories out of 13 have shut down over the last few years because of a downturn in the industry across the world, The Namibian cited the nation’s minister for mines and energy Obeth Kandjoze as saying.

The four remaining cutting centers now employ 700 workers compared with 2,000 at the peak, Kandjoze told an International Diamond Conference, according to the report November 24.

Other regional countries such as South Africa and Botswana have suffered a similar fate, the daily newspaper cited Kandjoze as saying at the event held in the nation’s capital Windhoek.

South Africa’s diamond industry also saw a steep drop in the number of workers employed, nosediving from 4,500 to 200, Ernie Blom, president of the World Federation of Diamond Bourses, said at a conference in Johannesburg last month.
Tags: africa, beneficiation, Namibia, Rapaport News, South Africa
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