×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Read on the App

Namibia bemoans popularity of lab-grown diamonds on global market

Colored synthetic diamonds on display at De Beers' International Institute of Diamond Grading and Research in Maidenhead, England. [Reuters]

Namibia is one of Africa's top five diamond exporters, right behind Angola, Botswana, and South Africa. In 2022, the country exported more than $940 million worth of diamonds.

The world's demand for natural diamonds has bounced back from a slump during the COVID-19 pandemic, with Namibia's largest marine dining company, Debmarine, reporting a sales increase of 83% in 2022 from the previous year.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in