De Beers to sell more Namibia diamonds to domestic manufacturers | Reuters

by Admin

De Beers, part of global mining group Anglo American, is to sell more of its diamonds mined in Namibia to local cutters and polishers rather than abroad.The agreement provides further evidence of how African governments are seeking to take a bigger share of the money earned from their natural resources.Neighbouring Botswana, the world’s largest diamond producer, negotiated a deal with De Beers in 2011 to sort, value and sell diamonds domestically rather than in London

Source: De Beers to sell more Namibia diamonds to domestic manufacturers | Reuters

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