Almod Diamonds, an affiliate of Diamonds International has received an initial confirmation from the Namibia Diamond Trading Company (NDTC) as a sight-holder in the 2012-2015 contract period.
NDTC is a 50/50 joint venture between Namibia and the Diamond Trading Company, a mining and sorting arm of De Beers.
Almod was a Sight in Namibia under the current contract period, which ends in March this year.
"We’ve taken great pride in working with local Namibians, training them to cut our premium diamond, the Crown of Light,” Almod president Albert Gad was quoted by Idex Online as saying. “A focus on branded goods is the way of the future.”
Reports say NDTC had completed the provisional qualification of 13 sightholders for the new contract period commencing March 31, an increase from the current 11.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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