Namibia’s marine diamond miner’s production hit by covi-19, drops 13% in 2020
Debmarine Namibia, a subsidiary of Anglo American’s diamond unit De Beers, on Monday reported a 13% drop in production to 1.125 million carats last year as demand slumped during the COVID-19 pandemic. Namibia has the richest known marine diamond deposits in the world, and is among the top 10 producers of gem-quality diamonds globally. Production, however, has been severely hampered by weak demand on the international market. Debmarine’s revenue fell 5% to 6.6 billion Namibian dollars ($427 million), the company said. Royalties and tax to the government also slipped 6%,…
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