×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Namibia bemoans popularity of lab-grown diamonds on global market

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Football
Victor Wanyama: The Lion of Muthurwa who roared in Europe
Football
Harambee Starlets upbeat ahead of Fifa series
Sports
Starlets and Junior Malkia Strikers in race for Soya glory
Hockey
Wounded giants St Anthony's and Kamusinga seek redemption