Govt looking at increased local supply of rough diamonds

Government has negotiated new terms to increase the local supply of rough diamonds to the cutting and polishing industry to between 25 and 30%.
Currently, 10% of Namibian diamonds are sold to local diamond companies while the rest are exported to Botswana where De Beers moved its headquarters to.
Government owns 50% shares in Namdeb Holdings (Namdeb), a joint venture with De Beers.
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