The creation of the Namibian Diamond Trading Company (NDTC) is based on a 50x50 partnership between the Government of the Republic of Namibia and De Beers. The agreement, which resulted in the creation of the company, was signed in January 2007 and holds immense possibilities for the country in terms of the economic activity such a venture, is expected to generate. The purpose of the NDTC is to make diamonds available for sale in Namibia for local manufacturing. Shihaleni Ellis Ndjaba is the CEO of Namibian Diamond Trading Company (NDTC). Until January 2008 he was the Permanent Secretary in the Ministry of Works, Transport and Communication.
This is the opinion expressed by Dmitri Zverev, a Canadian jeweler, owning Euro Custom Design Jewellery Ltd. Currently, his occupation includes: jewelry design, sophisticated jewelry made to order, developing CNC machine-tools and methods of their application in jewelry modelling.
The Almaz-Holding Company is part of the leading trio in the Russian jewelry market. The holding’s mainstream business covers manufacturing of gold, platinum and silver jewelry with precious and semi-precious gems; wholesale and retail trade through the network of corporate stores. Flun Gumerov, President of Almaz-Holding and Member of the Supreme Council of the Jewellers’ Guild of Russia, answers the questions asked by the Rough&Polished correspondent.
08.05.2008
Toronto-based Pala Investments Holdings increased its stake in Rockwell Diamonds to 19.21 %, Pala announced Wednesday.
The company bought an additional 1,996,500 Rockwell shares on the Toronto Stock Exchange for an undisclosed amount. Pala now owns some 42.96 million shares in the diamond mining company, Rapaport reports.
Pala said it acquired the shares for investment purposes only, and that it may buy additional securities if they become available at attractive prices.
Rockwell owns several alluvial diamond mining projects in South Africa. The company produced on average 2,000 carats a month in 2007 and is hoping to ramp up production to 5,000 in the coming year.
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