Namdia selects 16 core clients

Backtracking from a promise made last year that for "safety" reasons the identity of its customers will not be revealed, the state-controlled firm Namdia announced it had selected the 16 firms that will buy diamonds from Namdia from 2019 to 2021.
The Namibian buyers are: Schachter and Namdar Namibia; DYS Diamond Manufacturer Namibia; Tate Diamonds and Pluczenik Diamond Company.

Four Belgian companies were chosen: IGC Group NV; Dev Jewels BVBA; Diamond Trading NV and Diamwill BVBA.

The Dubai-based clients are: Dhamani Jewels DMCC; , SBMH Group DMCC and Samir Gems DMCC.

Two Indian firms will be supplied: S Vinod Kumar and Kapu Gems

Buyers from the USA are: Lieber and Solow Ltd. and Mellen Inc.

Levintal Diamonds Ltd. Is the only Israeli firm picked by Namdia.

Namdia reported it had received more than 70 applications from across the globe.

Namdia is a 100 percent state-owned company created through an agreement between the government and diamond multinational De Beers in 2016. The company serves as a diamond sales and marketing arm of the state.
According to the 10-year agreement between De Beers and the government, the partnership company known as Namdeb Holdings will channel 15 percent of its diamonds, worth around N$2 billion (US$144 million) each year, to Namdia.