(3 Minutes Read)
Namibia’s diamond production rose by 8% in the first quarter of 2025, reaching 631,000 carats, according to figures released by De Beers Group. The increase was largely driven by Debmarine Namibia, which saw its output jump 17% to 461,000 carats from 395,000 in Q4 2024. In contrast, Namdeb’s production dropped by 10% to 170,000 carats, down from 189,000 in the previous quarter.
De Beers noted that the country’s overall production remained steady, as Debmarine’s planned reductions were balanced by Namdeb’s improved ore quality and recovery rates.
Despite the production increase in Namibia, De Beers highlighted subdued global market conditions, with rough diamond demand remaining soft in early 2025. While U.S. holiday season sales of diamond jewellery met expectations, excess inventory led to cautious restocking by midstream buyers.
In South Africa, production fell by 19% to 500,000 carats due to weather disruptions and shift changes, while Botswana saw an 8% decline to 4.6 million carats in line with planned production cuts.
De Beers sold 4.7 million carats of rough diamonds during the quarter, generating US$520 million in consolidated revenue—a significant drop from USD 925 million in Q1 2024. The average price per carat fell 38% to USD 124 due to stock adjustments and a decline in rough diamond prices.
Read Also;
http://trendsnafrica.com/namibias-diamond-production-goes-up-by-36/
Despite the market challenges, De Beers upheld its 2025 production target of 20–23 million carats and reaffirmed its cost forecast at USD 94 per carat. The company emphasised a cautious, flexible approach to managing market volatility and preserving long-term value.
Arabic
Chinese (Simplified)
Danish
English
French
Hindi
Italian
Norwegian
Portuguese
Russian
Spanish
Swedish