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NDTC ANNOUNCES COMPANIES TO RECEIVE DIAMOND SUPPLY IN NAMIBIA
11 Sightholders set to drive growth of Namibian diamond industry
Windhoek, Namibia, 4 October 2007: The NDTC (Namibia Diamond Trading Company), the 50/50
joint venture between the Government of the Republic of Namibia (GRN) and the De Beers Group,
today announced the outcome of the first application process for the supply of rough diamonds to
manufacturers in Namibia. Following a rigorous assessment, 11 companies have qualified to receive
supplies of rough diamonds for the three and a half year contract period (2007-2011).
“This is an historic day for the Namibian diamond industry,” said Mr Shihaleni Ndjaba, NDTC
Chairman. “On 29 October these companies with operational factories as of 18 July 2007 will be
entitled to receive their first supplies for cutting and polishing here in Namibia and the remainder will
receive supply from 31 March 2008. This marks a new chapter in what the Government and De
Beers Group believe will be a long and successful diamond manufacturing industry in our country.
“NDTC received some 18 applications and had the tough job of assessing those that have
demonstrated the strongest ability to both drive demand for diamonds and promote diamond cutting
and polishing in Namibia. By 2009, N$2 billion (US$300 million) worth of diamonds will be available
for local diamond manufacturing. This represents almost five percent of Namibia’s GDP and is a
significant step forward in building a more diversified diamond industry for our country.”
Today is a key milestone in the development of the country’s diamond industry that began with the
agreement to create NDTC, the Namibian diamond sales and marketing company in January 2007.
NDTC’s core objective is to provide maximum long-term value from diamonds to the country by
developing world class sorting, valuing, selling and marketing practices in Namibia. The formation of
NDTC will also provide a catalyst for wider development of the Namibian economy through the
expansion of the banking, security and IT sectors which will be necessary to support the new
diamond manufacturing businesses. It is anticipated that the growth of cutting and polishing
operations will also help to reinforce the country’s positive investment climate for foreign businesses.
“The establishment of NDTC is of significant value to the global diamond industry and is a clear
demonstration of beneficiation in action. It will enhance Namibia’s competitive supply advantage
through skills and intellectual property transfer, building national capacity to meet the needs of a
growing cutting and polishing industry,” commented Varda Shine, NDTC Board Member and
Managing Director of DTC International.
“We are now delighted to welcome on board all our new clients who will receive supply from NDTC
in our inaugural contract period, subject to third party verification of applications. These companies
will help us drive a more diversified and profitable diamond industry in this country and deliver a
sustainable and economically efficient diamond industry in Namibia that will benefit the whole
country,” concluded Varda Shine.
The successful applicants for the diamond supply contracts from NDTC are:

Almod Diamonds Ltd

AMC/GemXel Diamonds (Pty) Ltd

Finesse Diamond Corporation

Hardstone Processing (Pty) Ltd

JKD Namibia (Pty) Ltd

Namcot

Namgem

LLD Diamonds Namibia (Pty) Ltd

Laurelton-Reign Diamonds (Pty) Ltd

NU Diamond Manufacturing (Pty) Ltd

Trau Bros Diamonds Namibia (Pty) Ltd
For further information, please contact:
Paulus Shituna, NDTC Sales and Marketing Manager, +264 61 204 3267, [email protected]
NAMIBIA DIAMOND TRADING COMPANY (NDTC)
NDTC is Namibia’s premier diamond sorting, valuation, sales and marketing company. A joint partnership between the
Government of the Republic of Namibia and De Beers, NDTC is responsible for the sorting and valuing of all diamond
production from Namdeb, Namibia’s leading diamond mining company. NDTC is committed to maximising the wide-ranging
economic opportunities of Namibian diamonds for the benefit of all Namibians.