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Namibia central bank chief calls for diamond royalty relief extension...
16 Oct, 2025 09:28 101 min read
Namibia's central bank governor Johannes!Gawaxab has called for an extension of a royalty discount granted to Namdeb, a joint venture between De Beers and the Namibian government, to help the diamond miner weather a global market downturn. The discount was granted in 2021 to help Namdeb extend its land-based operations to 2042. De Beers argued that the industry is facing headwinds due to falling demand, a supply glut, and rising popularity of lab-grown diamonds.... More