The Namibia Diamond Trading Company's primary purpose is to sort, value, and market Namibian diamonds, thereby promoting the development of a sustainable local downstream diamond industry. Under the agreement, Namdeb’s production in Namibia will be sold through the DTC until 2013. The agreement included the formation of Namibia Diamond Trading Company (NDTC), a 50:50 joint venture between the GRN
and De Beers, to recognise and formalise the two shareholders’ efforts to develop a sustainable local downstream diamond industry in Namibia. NDTC sort and value in excess of one million carats annually, and incorporates state-of-the-art sorting equipment designed and manufactured by De Beers UK. Namdeb Holding’s production is sorted and valued at NDTC before being exported to De Beers UK for aggregation. Ten percent in value of Namibian diamonds are sold to local Sightholders (clients). Once aggregated, a mix of diamonds is then returned to NDTC to be sold locally. NDTC is the primary vehicle for growing the diamond manufacturing industry in Namibia and is driving the creation of a sustainable downstream diamond industry in the country through:
Providing maximum long term value from diamonds through world class sorting, valuing and sales practices in Namibia. Maintaining and developing employment opportunities and broaden the skills base in Namibia. Ensuring that new skills and capabilities are created amongst Namibia’s citizens. Being a potential catalyst for other international business to invest in Namibia. NDTC continues to work together with Namibia-based diamond manufacturers to support local marketing initiatives, helping to create a brand that will focus on local consumers and tourists.
