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Namibia bemoans popularity of lab-grown diamonds on global market

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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.

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